Council moves to continue banking relationship with Security Financial Bank
A staff-proposed five-year banking-services contract recommendation to retain Security Financial Bank won council approval after discussion of fees, collateralization and CRA ratings; several council members abstained.
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The River Falls City Council on May 13 reviewed staff recommendations and approved a resolution to retain Security Financial Bank as the city’s primary banking services provider for a recommended five-year term, with an option for a five-year renewal.
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