town_of_brighton_finance_and_administrative_servic.pdf
Affiliate Pledges Collateral For Town Deposits
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Description
In March 2024, 233 Genesee Street Corporation will execute a Subsidiary/Affiliate Collateral Pledge and Security Agreement with M&T Bank and the Town of Brighton. The agreement pledges affiliate-owned securities as additional collateral for the Town’s uninsured deposits.
Contract Details
Vendor
233 GENESEE STREET CORPORATION
Agency
Town of Brighton, NY
Contract Type
FINANCIAL_SERVICES
Document Date
December 17, 2025
Contract Term
Subsidiary/Affiliate Collateral Pledge and Security Agreement dated March 2024, ongoing
Renewal Info
Security agreement governed by New York law; continues in force securing present and future public deposits until released or amended.
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