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Uvalde CISD board accepts TXN Bank bid after debate over community ties and rates
Summary
After a lengthy debate over community contributions and interest earnings, the board accepted the RFP committee's highest-ranked response and awarded the district depository contract to TXN Bank.
The Uvalde Consolidated Independent School District board voted to accept the district’s request‑for‑proposals results and award the depository contract to TXN Bank after trustees debated whether to prioritize scoring criteria or long‑standing local relationships.
Administration told the board that state law (Texas Education Code subchapter G) and TEA guidance require the district to solicit proposals for depository services; the district received two responses, from First State Bank of Uvalde and TXN Bank. A committee evaluated the proposals against the RFP…
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