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Orrville council names Huntington National Bank as new city depository
Summary
After an RFP process that drew three responses, the Orrville City Council on Dec. 16 approved Huntington National Bank as the city's public depository for the next five years and requested a transition by Feb. 28.
The Orrville City Council voted Dec. 16 to designate Huntington National Bank as the city's public depository following a request-for-proposal process. Council members recorded unanimous approval after staff summarized the RFP results.
Council heard that the RFP was sent to four institutions and that three responded; the city's current depository did not respond. Officials recommended Huntington National Bank based on competitive pricing, technology and fraud-protection services, and in-person support despite the bank's current relationship limited to lockbox services.
Squirrell moved to suspend the three-reading requirement for Resolution 49-24 and moved adoption; Carr seconded and the motion passed with "ayes all." The transcript records a requested transition window to complete the change by Feb. 28.
The council's vote completes the five-year depository-selection process required by the city's procurement procedures. No details on implementation steps or contract terms were recorded in open session.
