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Kennedale ISD board extends Wells Fargo depository agreement through 2027
Summary
The Kennedale ISD Board of Trustees approved a second two‑year extension of the district’s bank depository agreement with Wells Fargo, covering fiscal years 2025–2027. The motion passed unanimously at the Oct. 20 meeting.
The Kennedale Independent School District Board of Trustees voted to extend its bank depository agreement with Wells Fargo for an additional two years, covering fiscal years 2025–2027.
Maria Douglas moved to "Approve the Second Two-Year Extension of the Bank Depository Agreement with Wells Fargo for Fiscal Years 2025-2027 and Adopt the Resolution Extending Depository Contract as Required by Law," and Natalie McKay seconded the motion. The board recorded that "All Present Voted For," and the motion passed unanimously.
The extension was presented as a business item requiring action; trustees did not record additional public debate in the open minutes. The resolution adopting the extension was noted as "required by law" in the motion language. The board makes such depository decisions periodically to comply with statutory requirements for district funds.
The motion was made during the Business Items section of the Oct. 20 regular meeting and is now part of the district’s official minutes. No fiscal amounts or proposed changes to collateral, fee schedules, or bank responsibilities were disclosed in the open session record.
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