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Council approves banking services agreement with Dubuque Bank and Trust; city notes $300,000 extra interest
Summary
City Council approved a master treasury/banking services agreement with Dubuque Bank & Trust, effective Sept. 1, 2024; the bank chose the earlier effective date and the city received over $300,000 in additional interest, staff said.
DUBUQUE, Iowa — The Dubuque City Council on Monday approved a master banking services agreement negotiated with Dubuque Bank and Trust, with staff noting the bank selected a Sept. 1, 2024 effective date and the city received more than $300,000 in additional interest as a result.
City Attorney Krena Brumwell and finance staff described the agreement and how it incorporates the city’s original RFP and the bank’s response as Exhibit A.…
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