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Temple ISD reviews Intrify Cash Service partnership with Alliance Bank Texas
Summary
Temple ISD staff presented an informational briefing on a new partnership with Alliance Bank Texas using Intrify Cash Service to diversify district deposits and increase FDIC coverage; the item was informational only and required no board action.
Temple ISD staff on March 17 presented an informational overview of a proposed deposit arrangement using Intrify Cash Service (ICS) through Alliance Bank Texas. The presentation described how ICS would allow the district to open a single account with Alliance Bank Texas that spreads funds across participating banks to remain within FDIC insurance limits…
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