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Santo ISD board approves bid notice for 2025–27 bank depository selection
Summary
The Board approved a bid notice/form and timeline for selecting the district’s bank depository for 2025–2027 after prior extensions with Simmons Bank. The motion passed 6–0.
Santo ISD trustees approved the Bid Notice/Form and selection criteria for soliciting bids or proposals from financial institutions to serve as the district’s depository for 2025–2027. The minutes state the solicitation is required after an initial contract plus three extensions with the current depository, Simmons Bank. The motion was made by President Amy Bryan and seconded by Trustee Rhea Watts; the vote was 6–0.
The approved Bid Notice/Form sets the timelines and selection criteria the district will use for the solicitation. The minutes do not record competing bidders or a selection at this meeting; they record only authorization to begin the solicitation process.
