Official:Amending Chapter 19-200 of The Philadelphia Code, entitled “City Funds - Deposits, Investments, Disbursements,” by amending Section 19-201, entitled “City Depositories,” to remove Citibank, N.A. and Republic First Bank as authorized financial institutions in which the City Treasurer may deposit funds, all under certain terms and conditions.
Sponsor: Council President Johnson
Introduced: October 31, 2024
Signed: June 12, 2025
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill removes Citibank and Republic First Bank as authorized banks where the City Treasurer can deposit funds.
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