Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Banking topic
No spam. Unsubscribe anytime.
Chapel Hill ISD board renews Southside Bank depository through June 30, 2027
Summary
The board approved extending the district's depository contract with Southside Bank for a two-year term through June 30, 2027, the first of up to three renewals allowed under the contract.
The board voted to renew Southside Bank as the district depository for another two-year term through June 30, 2027. Clint McLain explained that state law requires the district to select a depository every two years and noted this renewal would be the first of three possible renewals allowed under the agreement. The motion to renew passed 6–0 with one member absent.
McLain said the original contract covered the 2023–2025 term and that the district and Southside Bank are seeking the renewal consistent with statute. The approval preserves continuity for district banking services and allows staff to continue operations under the renewed contract period.
