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Winters ISD board approves one-year extension of Victory Bank depository contract despite one dissent
Summary
The Winters ISD Board approved extending its depository contract with Victory Bank from July 1, 2025, through June 30, 2026, in a 5–1 vote; Trustee Danny Martinez voted against the motion. The board also heard a Victory Bank presentation recommending a money market rate agreement.
The Winters ISD Board of Trustees voted to extend the district's depository contract with Victory Bank for one year, from July 1, 2025, to June 30, 2026. Trustee Doug Wheat moved the motion, which Trustee Will Duggan seconded; the board approved the motion 5–1, with Trustee Danny Martinez casting the lone dissent.
Board members considered a Victory Bank presentation recommending a money market rate agreement to accompany the contract extension. The minutes record the motion text: "Motion to approve extending the depository contract with Victory Bank beginning July 1, 2025 and expiring June 30, 2026." The contract extension was recorded as approved on the motion, with no additional conditions noted in the minutes.
The vote tally was recorded as 5–1 in favor; individual recorded opposition was: Trustee Danny Martinez against. No additional details on rates, fees, or comparative proposals were included in the minutes. The board approved the contract extension during the action-items portion of the agenda after hearing presentations and administrative reports.
