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Bridge Creek Board unanimously awards $2.51M school bonds to First National Bank & Trust Co.
Summary
The Bridge Creek Board of Education voted Jan. 14 to award $2,510,000 in General Obligation Combined Purpose Bonds of 2026 to The First National Bank & Trust Co., Chickasha, which submitted the lowest net interest bid (3.795007%). The motion passed unanimously.
The Bridge Creek Board of Education voted unanimously on Jan. 14, 2026, to award $2,510,000 in General Obligation Combined Purpose Bonds of 2026 to The First National Bank & Trust Co., Chickasha, Oklahoma. The board recorded The First National Bank & Trust Co.'s bid with an average net interest rate of 3.795007%, a net interest cost of $254,645.00 and a premium of $1,230.00. "Said motion was seconded by ESPARZA and was adopted by the following vote: AYE: SUGG, EPPS, ESPARZA, FORD, VINCENT NAY: None," the minutes state.
Vice President Danielle Epps made the motion to award the bonds and Clerk Robyn Esparza seconded it; all five members — President Kent Sugg, Epps, Esparza, Neva Ford and Terry Vincent — voted in favor. The minutes list three other bidders and their comparative costs: The Baker Group (avg. rate 4.295801%, net cost $288,248.23), Northland Securities, Inc. (4.337984%, $291,078.70), and Legacy Bank (4.750000%, $318,725.00). The action completed the board's formal acceptance of the winning bidder and authorizes delivery of the bonds to the purchaser upon fulfillment of the bid terms.
