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Prosper ISD board selects Wells Fargo as bank depository
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Summary
Trustees unanimously approved Wells Fargo as the district's bank depository after administration recommendation; motion recorded and vote 7–0.
The Prosper ISD Board of Trustees voted unanimously June 13 to approve Wells Fargo as the district’s bank depository.
Administration presented a list of candidate banks and recommended Wells Fargo; the board first approved a depository selection in an earlier motion and later clarified the action to specify Wells Fargo. Trustee Missus Dixon moved to approve Wells Fargo as depository; Mister Webb seconded the clarifying motion. The vote was 7–0 in favor.
Why it matters: Selecting a bank depository is an administrative decision that affects where district funds are held and how routine banking services and bond proceeds are managed. Administration noted the district completed a bond sale and that proceeds from the sale will appear in district financial reports when received.
What the board recorded: The board’s motions were made in open session and recorded as passing unanimously; trustees asked the finance team to confirm bank paperwork and finalize the depository contract through standard administrative channels.
What’s next: Administration will complete the depository paperwork and ensure the bank is designated in district financial systems.
