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Treasurer says bank depository agreements required careful negotiation; commissioners approve agreements
Summary
Treasurer Ken O'Brien told commissioners Nov. 24 that most bank depository agreements required substantial language changes to comply with statute; the board approved agreements for several banks.
Delaware County Treasurer Ken O'Brien described negotiations with multiple banking institutions over county depository agreements at the Nov. 24 meeting and recommended approval after changes to comply with statute.
O'Brien told commissioners that agreements with Buckeye State Bank, Fifth Third Bank, First Commonwealth Bank, Huntington, JPMorgan Chase Bank, KeyBank and PNC Bank "came through" after negotiations and thanked county staff for assistance, saying in part, "I really want to, give kudos to Chris Betts who worked tirelessly on this." He added, "Each and every 1 of these, except for 1, I guess, was particularly difficult to get the language that was compliant with the current statute." Assistant prosecuting attorney Christopher Batts (listed in the record as an assistant prosecutor) said he had no additions.
Following the presentation the board voted to approve the depository agreements (Resolution 25-999) by recorded vote.
