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West Baltimore County Redevelopment Authority selects M&T Bank for operations, OKs March–June stipends
Summary
The West Baltimore County Redevelopment Authority voted July 17 to open an operations account at M&T Bank, enabling initial stipend payments and vendor disbursements while $1.25 million in capital funds remain with Baltimore County.
Carla Nelson Chambers, chair of the West Baltimore County Redevelopment Authority, said the board voted July 17 to open an operations account at M&T Bank and to enable payment of board stipends covering March through June.
The move follows presentations to the authority’s budget committee by representatives from Em and T Bank and Fulton Bank and a separate briefing from the Baltimore County Office of Budget and Finance. Kyle McNair, who reported on the budget committee’s July 1 and July 8 meetings, said the committee recommended using M&T Bank for the authority’s operational accounts because the county already works with that institution…
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