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Glendale council designates Bank59 as public depository after multi‑month evaluation
5582037 · August 12, 2025
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Summary
The council approved a resolution replacing BMO with Bank59 as the city’s public depository and updated authorized signatories, with staff saying the change will reduce fees and increase interest earnings.
The Glendale Common Council approved a resolution to change the city’s public depository from BMO to Bank59 and to update the list of authorized signatories for city accounts, according to City Administrator Carl Warwick.
Warwick told the council the decision followed a four‑to‑six month evaluation of potential banks and staff…
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