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Pennington County removes JPMorgan as primary depository after board discussion
Summary
Pennington County commissioners voted Jan. 6, 2026, to remove JPMorgan from the county's list of primary depositories after questioning whether the firm met local criteria; Treasurer Annette Brandt said RFPs for primary banking have not been run in several years.
Pennington County commissioners voted to remove JPMorgan as a primary active depository for county funds during their Jan. 6 meeting.
The board discussed bank designation criteria and whether local institutions should be prioritized. Annette Brandt, Pennington County treasurer, told commissioners the county's most recent formal request for proposals for main banking services likely occurred about eight…
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