Committee to research state contract banks before pursuing local banking RFP
Trustees discussed whether to pursue an RFP to support local banks or rely on state-negotiated banking contracts; committee directed staff to compile a list of banks on the state contract as the first step.
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Trustee Jan Miller raised the possibility of issuing an RFP for municipal banking services to evaluate whether local banks could be competitive and better support community events. Attorney and trustees noted that many municipalities use state-negotiated contracts for banking services and that the state maintains lists of banks on those contracts.
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