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Finance director recommends switching district accounts to Yampa Valley Bank
Summary
A staff committee recommended Yampa Valley Bank after a 2025 RFP; the board heard that the bank scored highest on customer service and ease of transition and that the bank offered to absorb initial conversion costs.
Stephanie Juno presented the results of a comprehensive RFP for district banking services and said six banks submitted proposals. A five-person committee evaluated proposals across operational, customer-service, financial-strength and fee criteria, interviewed two finalists, and unanimously recommended Yampa Valley Bank based on experience and an easier transition from the current bank.
Juno asked the board to authorize Dr. Wicks and herself as signers to open the new accounts if there were no objections. She noted minor third-party costs (a few hundred dollars) to switch linked services such as the district’s student-fee payment vendor.
Board members praised the process; no formal motion to change banking relationships was recorded that evening.
