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Christian County selects Guaranty Bank for depository contract, treasurer cites higher interest revenue
Summary
The Christian County Commission voted to award the county's four-year bank depository contract to Guaranty Bank, a change driven by a higher interest formula; officials said a courier service will mitigate convenience concerns from switching away from the longtime incumbent, Ozark Bank.
Christian County Commissioners voted to award the county's banking depository contract to Guaranty Bank, with the contract to take effect July 1 and run through June 20, 2029.
The decision followed a procurement process led by the county purchasing manager and an evaluation committee that scored bids on cost (70 percent) and non-cost factors (30 percent). Treasurer Blue told commissioners the committee found Guaranty Bank's interest formula would yield materially higher earnings for county funds than Ozark Bank's proposal.
"This came down to dollars,"…
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