Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Argo City Council votes to begin transfer of city accounts from Truist to Metro Bank
Summary
On June 23 the Argo City Council voted to start the process of moving municipal bank accounts from Truist to Metro Bank. The motion carried on a roll-call vote with Mayor Pro‑Tem Corky Massey abstaining.
The Argo City Council voted June 23 to begin moving the city's bank accounts from Truist to Metro Bank after a motion from Mayor Pro‑Tem Corky Massey.
The motion was seconded by Councilperson Rick Hopkins and carried on a roll‑call vote with four votes in favor and one abstention. The votes were recorded as Thomas Suggs — yes; Rick Hopkins — yes; Mike King — yes; Corky Massey — abstain; Randy Hettich — yes. Council minutes state the motion "to start the process of moving the City's bank accounts from Truist to Metro Bank" carried, but do not specify a timeline for completion or any contract terms.
At the same meeting the council also approved the meeting agenda and approved minutes from the June 8 work session and regular meeting. The June 23 minutes record the agenda approval as unanimous and the minutes approval as carried on a roll‑call vote with Mayor Pro‑Tem Massey recorded as abstaining on the minutes vote.
The council made no additional public findings or statements about reasons for the bank move and the minutes do not list any fiscal analysis, requested staff reports or next steps beyond beginning the process. City officials did not specify whether the transfer will require additional council action, formal banking resolutions, or the timeline for account transition. The meeting adjourned at the conclusion of the items on the agenda.
