City of Sulphur Springs Council Meeting Minutes March 2026
Guaranty Bank Proposal Not Selected by Council
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Description
Guaranty Bank & Trust, the City’s depository for over 23 years, submitted a competitive proposal for the new bank depository contract. Despite receiving the top evaluation score, the bank was not selected as council awarded the contract to City National Bank.
Contract Details
Vendor
GUARANTY BANK & TRUST
Agency
City of Sulphur Springs, TX
Contract Type
FINANCIAL_SERVICES
Document Date
March 3, 2026
Contract Term
Proposed 3-year term with option for additional 2-year extension
Renewal Info
Existing long-term depository relationship (over 23 years) was not renewed; new depository contract awarded to another institution.
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