Rapid City Council to approve list of banks as repositories of city funds

Posted: January 2, 2012 by occupyrapidcity in Activism

The Rapid City Council will meet on Tuesday, January 3, to approve a list of banks that will be the repositories of city funds. Some Rapid City activists think the city should deposit only with banks and credit unions that serve their customers and their community well. See below for the list being proposed.

The Council will meet at 6:30 pm at the City/School Administration Building, 300 6th Street, in the council chamber on the second floor.

Please come to this meeting and bring your friends. If you wish to speak (three minute limit), fill out one of the forms on the table to your left as you enter the chamber. If you have any opinions to voice you are encouraged to address those views before the Council. Consider writing a statement on a note card, which can also be given to the press (which will be present).

You do not have to be a resident of Rapid City to be involved in this or to speak. If you wish not to speak, some have stated the intent to hold a small demonstration outside the building prior to the meeting.


WHEREAS, Section 9-22-6, SDCL, as amended, requires the Governing Body to designate official
depositories in which municipal funds may be deposited;

NOW, THEREFORE, BE IT RESOLVED that the following institutions be designated as official
depositories for the City of Rapid City:

A.G. Edwards & Sons, Inc.
BankWest Inc.
Black Hills Community Bank
Black Hills Federal Credit Union
Capstone Asset Management Company
Dougherty & Company, LLC
Edward Jones Investment
First Interstate Bank
First National Bank
First Western Federal Savings Bank
Great Western Bank
Investment Center of America, Inc.
KT Investments
Merrill Lynch
Pioneer Bank and Trust
RBC Wealth Management
US Bank
Voyageur Investment Management
Wells Fargo

Dated this ________ day of January, 2012.



Finance Officer




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