Dumas will issue RFP for public fund banking as Happy State Bank contract nears expiration
Finance Director Shannon Wallace told commissioners the city's Public Fund contract with Happy State Bank expires Sept. 30, 2025; the Commission directed staff to issue an RFP to solicit proposals, a step not taken since 2018.
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Shannon Wallace, Director of Finance Services, informed the Commission that the city's Public Fund contract with Happy State Bank will expire on September 30, 2025. She asked the Commission to consider either renewing with Happy State Bank or issuing a Request for Proposals (RFP).
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