The Funds Committee, which consists of the Mayor, the Comptroller, and the Treasurer, is required to make an annual evaluation of the financial institutions seeking to be City of St. Louis depositories.
The Funds Committee is committed to ensuring that the institutions selected to be authorized depositories of City funds provide credit in a fair and unbiased manner to City residents. Banks and financial institutions are encouraged to increase their financial commitment to the revitalization of the City through mortgage and home improvement loans to credit-worthy individuals, and through commercial loans to facilitate development and redevelopment throughout the City.
IMPORTANT DOCUMENTS
City Depository Letter
Pursuant to City Ordinance #64457, the Funds Committee, consisting of the Mayor, the Comptroller, and the Treasurer is required each year to evaluate the financial institutions seeking to be City depositories. This process must be completed not later than May 15, 2022.
City Depository Instructions
Please submit the following data in the format specified. Data tables are provided as templates for requested data that is currently not publicly available or regularly submitted. Data are to be provided from calendar year 2021. Dollar amounts should be reported in the $1000s.
Template for City Depository Applications
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City of St. Louis Funds Committee Financial Institution List- City Depositories FY2022
| Alltru | Midland States Bank |
| Bank of America | Midwest BankCentre |
| BMO Harris Bank | PNC Bank |
| Busey Bank | Regions Bank |
| Commerce Bank | Royal Bank |
| Enterprise Bank and Trust | Simmons Bank |
| JP Morgan Chase | UMB Bank |
| Lindell Bank | US Bank |