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Byron schedules March 28 special meeting after Colony Bank presentation on banking options
Summary
After hearing an updated proposal and credit-card program from Colony Bank, the Byron City Council agreed to reconvene at 3 p.m. on March 28 to select a new financial institution; no formal decision was made at the March 27 special session.
Representatives from Colony Bank presented an updated banking proposal and a potential city credit-card program to the Byron City Council at a special session on March 27. After questions from council members, the council agreed to hold a follow-up special meeting at 3:00 p.m. on March 28 to make a final decision on selecting a new financial institution.
The presentation included updated rates and an overview of a city credit card program Colony Bank said it could offer. Council members asked questions about the proposals and financing options; the transcript records that Colony Bank answered various questions but does not identify individual bank representatives by name. Council members agreed that a short special meeting would allow time to review proposals and make a decision.
The council did not take a vote on banking services during the March 27 session. The special meeting to decide on a new financial institution was set for March 28 at 3:00 p.m.
