Treasurer flags bank errors; council asks for proposals before any switch

The clerk/treasurer told the council they had experienced repeated problems reconciling deposits with First Merchants Bank, including a $3,000 debit and a $2,000 credit that were bank corrections not communicated to the town. The clerk said they spent hours at the bank resolving the issue and that the experience, coupled with lower interest rates, prompted outreach from Hicksville Bank and Lake City Bank offering alternative arrangements.