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LCISD to extend depository contract with American State Bank for two years
Summary
The Board approved a third and final two-year extension of the district's depository contract with American State Bank, extending the agreement from Sept. 1, 2025, through Aug. 31, 2027; trustees voted unanimously.
Superintendent Matt Everett told the Board that the district's depository contract with American State Bank was due for renewal and that state rules permit a final two-year extension. Trustees voted to extend the contract for the term Sept. 1, 2025, through Aug. 31, 2027.
Trustee Jimmie Faye Waller moved to accept the depository extension; Trustee Manuel Dennis seconded and the motion carried with all present trustees voting in favor. The extension is recorded for the district's financial operations and banking arrangements.
