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Council extends JPMorgan Chase as city depository for three years
2316252 · January 21, 2025
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Summary
Council approved a three-year extension designating JPMorgan Chase Bank N.A. as the city’s public depository for active funds; staff said the change shortens the term from five years to three to allow more frequent evaluation and does not preclude adding supplementary depositories.
Westerville City Council unanimously approved the city manager’s designation of JPMorgan Chase Bank, N.A. as the public depository for active city funds for an additional three-year term, consistent with the cited sections of the codified ordinances…
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