Minster Bank depository authorization supported

The Finance Committee recommended that Minster Bank be authorized through emergency legislation as a City depository once current agreements expire August 22. This will allow the bank to continue or begin holding municipal funds.

Document date · August 17, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Depository agreement to follow expiration of existing agreements on August 22; specific renewal length not provided.

Document type

Agenda

Source document

Troy City Council Agenda 2026-08-17

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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 August 17, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Troy City Council Agenda 2026-08-17 (Agenda), dated August 17, 2026 from City of Troy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Minster Bank hold?

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