Bank of Greene County offers higher rates; Kinderhook board authorizes account move in executive session

At a pre-meeting workshop, Bank of Greene County representatives described municipal services and higher interest offerings that could increase village income. Jon Halligan, assistant vice president, and Don MacCormack, vice president, told trustees that BGC "offered 4% savings, and 2% on checking" and can make the special rates available for a six-month window running Nov. 1 through May 1. The presentation also outlined transition support, municipal tax-collection services, Visa/P‑card solutions, ACH payroll processing and third‑party investment arrangements through an administrator (Infinex/Osaic).

Trustees discussed collateralization and servicing details; Jerry Callahan asked about collateral and BGC said they hold public bonds and use underwritten positions and third‑party custodians for reporting. After regular business, the board entered an executive session where Trustee James Mark Browne moved to authorize Clerk/Treasurer Nicole Heeder to move the village bank accounts from Community Bank to Bank of Greene County; Mayor Dorene Weir seconded and the motion passed with all voting "Aye." The executive-session motion authorizes the clerk to begin the transition process but does not itself specify an effective date for account transfers.

The bank presentation underscored potential operational changes the village will need to plan for, including filling state DBA forms, ordering check supplies, establishing subuser access, and sequencing reserve and checking account transitions so existing checks clear before moving operating accounts. The board did not adopt a public timetable at the open meeting; the clerk is authorized to proceed per the executive-session vote.