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Board approves extension of bank depository contract with Citizens National Bank
Summary
Rockdale ISD trustees approved a two-year extension of the district’s depository contract with Citizens National Bank, citing no transaction fees, no minimum balance, and favorable interest terms; vote was 6-0.
The board voted to extend the district’s bank depository contract with Citizens National Bank for a two-year term, the first of three allowable two-year extensions, citing no transaction fees, no required minimum balance and a favorable floor and ceiling for interest. The motion (mover Janice Keen, second Julia Cardona) carried 6-0.
The minutes note this extension is permitted under district policy allowing up to three additional two-year extensions. The action preserves the district’s current depository arrangement for the coming contract term.
