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Regents approve Sodexo dining contract and Union Bank & Trust agreement amid questions on ownership and ATM fees
Summary
The board approved a UNL prime supplier dining services contract with Sodexo and a banking services agreement with Union Bank & Trust; regents raised concerns about Sodexo's foreign ownership and whether ATM fees would go to the bank (they do). One regent abstained on the bank vote because of a board directorship.
The Board of Regents on Feb. 6 approved two UNL business items: a prime supplier agreement for dining and related food items with Sodexo (initial term Apr. 1, 2026–Jun. 30, 2029, with renewal options; estimated total expenditure ~ $40 million including renewal terms) and a university banking services license agreement with Union Bank & Trust…
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