Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Dallas County adds Central State Bank and Greater Iowa Credit Union to official depositories
Summary
The Board of Supervisors unanimously approved Resolution 2026-003 to amend the county's official depositories, adding Central State Bank and Greater Iowa Credit Union; Treasurer Summer Portzen cited competitive money-market rates and prior working relationships as reasons.
Dallas County Treasurer Summer Portzen told the Board of Supervisors on July 14, 2026 that the county's list of official depositories had been amended to add Central State Bank and Greater Iowa Credit Union. Portzen said Central State Bank was offering a strong money-market rate and representatives from Greater Iowa had solicited the county based on prior work.
The amended RESOLUTION 2026-003 designates multiple financial institutions and maximum aggregate deposit amounts for county funds. Portzen reviewed the rationale for additions and presented the list of approved depositories and their maximum deposit limits. The board unanimously adopted the amendment on a motion by Supervisor Kim Chapman, seconded by Supervisor Brad Golightly.
Portzen noted that the county regularly reviews depository relationships and evaluates offers to obtain favorable rates and services; the board did not discuss rescinding any existing depository arrangements at the meeting.
Next step: the amended depository list will be reflected in county financial records and used by the Treasurer's Office for deposit decisions going forward.
