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Sevier County budget committee accepts Trustee's recommendation, selects Citizens National Bank
Summary
After reviewing three bids, the Trustee's Office recommended Citizens National Bank as trustee bank; the Budget Committee voted unanimously to accept the recommendation on Aug. 15.
The Sevier County Board of Commissioners Budget Committee voted unanimously Aug. 15 to accept the Trustee's Office recommendation to appoint Citizens National Bank as the county's trustee bank.
Vice Mayor Bryan McCarter presented the Trustee's Office recommendation to the committee, noting there were three bidders: Citizens National Bank, First Horizon Bank and SmartBank. Commissioner Warren Hurst moved to accept the Trustee's recommendation; Commissioner Ronnie Whaley seconded and the motion passed unanimously.
Commissioner Fred Atchley called the meeting to order at 4:02 PM and the committee completed the trustee bank selection without further debate. The transcript records no amendments to the recommendation and no recorded objections.
The action formalizes which financial institution will serve in the trustee role for county-related fiduciary accounts (the Trustee's Office and the winning bank were identified in committee discussion). The committee did not record specific contract terms, fees or the length of the engagement during the meeting; those details were not specified in the record and will be handled through the Trustee's Office procurement and contracting process.
The committee moved on to other agenda items after the vote.
