Purchasing committee recommends First Horizon for trustee banking after RFP review
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Summary
Purchasing committee reviewed four proposals and recommended First Horizon for trustee banking services after scoring; the committee voted to accept the recommendation and will forward procurement steps as required.
The purchasing committee reviewed responses to a request for proposals for trustee banking services and recommended First Horizon after a scoring matrix rated First Horizon highest with 97 points out of 100.
Procurement staff said four qualified institutions replied to the RFP, and the scoring matrix and due‑diligence review produced a clear recommendation. The committee voted to accept the recommendation to move forward with First Horizon; staff said next steps will follow normal procurement procedures for contracting and onboarding.
The trustee who participated in the review said the change was driven by concerns about fraud and the need for improved safeguards for county funds.
