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Callahan County renews bank depository agreements with First Bank Texas and partners
Summary
The Commissioners approved a four-year renewal with two-year extension options for county depository agreements; First Financial representative Megan thanked the court and sought future procurement opportunities.
Callahan County Commissioners on Feb. 10 approved renewals and two-year extension options for the county's bank depository agreements, keeping First Bank Texas as the primary depository and retaining subdepository arrangements with First Financial Bank and Texas Heritage Bank.
County staff explained the county must approve the depository agreements and that 2021 was the last time a full depository bid occurred, so the county was at its four-year reevaluation window. "You have a 4 year agreement with the option to extend that for 2 years," a county representative said. He said staff met with all banks and returned with contract renewals in the meeting packet.
Megan, a First Financial representative, addressed the court and said, "Just wanted to say thank you for the opportunity to extend this contract, and we look forward to the opportunity to keep helping the county in any way we can." She asked to be considered for future bids for vehicles or equipment and said she would coordinate with county staff on contract paperwork requiring signatures.
Commissioner Wenham moved to approve the renewals and Commissioner Farmer seconded; the court voted in favor with no opposition recorded.
County staff will collect signatures on the presented contract forms and return executed documents to the record.
