Council approves PlainsCapital Bank as official city depository (Resolution R-28-26)
After a competitive RFA, finance staff recommended PlainsCapital Bank as the city's depository; PlainsCapital scored highest and offered a six-month fee waiver. The council approved Resolution R-28-26 authorizing PlainsCapital as the city's bank and authorized execution of agreements.
The full story
The Glenn Heights City Council voted on July 7 to designate PlainsCapital Bank as the city's official depository under Resolution R-28-26. Finance Director Sherry Roberts told council the RFA was published and three responses were received; PlainsCapital scored highest in the committee evaluation and offered to waive the first six months of account fees.
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