Minster Bank Recommended As Authorized City Depository

Troy’s Auditor has recommended designating Minster Bank as an authorized depository for City funds during the next five‑year cycle. Council will consider emergency legislation to enable the new depository period before current agreements expire.

Document date · July 26, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Five-year depository period beginning August 23, 2026

Renewal

Would provide depository authority for the next five‑year period under the Uniform Depository Act, replacing agreements that expire August 22, 2026.

Document type

AgendaPacket

Source document

Troy City Council Committee Meeting Agenda Packet 2026-07-27

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Troy?

Minster Bank was awarded this financial services contract by City of Troy, as recorded on July 26, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Troy City Council Committee Meeting Agenda Packet 2026-07-27 (AgendaPacket), dated July 26, 2026 from City of Troy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Minster Bank hold?

Minster Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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