FINANCIAL_SERVICESREJECTED

Guaranty Bank Proposal Not Selected by Council

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.

Status
REJECTED
Document date
March 3, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Guaranty Bank & Trust
Agency
City of Sulphur Springs · TX

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Proposed 3-year term with option for additional 2-year extension
Renewal
Existing long-term depository relationship (over 23 years) was not renewed; new depository contract awarded to another institution.
Document type
Minutes
Source document
City of Sulphur Springs Council Meeting Minutes March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Sulphur Springs?

Guaranty Bank & Trust was awarded this financial services contract by City of Sulphur Springs, as recorded on March 3, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Sulphur Springs Council Meeting Minutes March 2026 (Minutes), dated March 3, 2026 from City of Sulphur Springs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Guaranty Bank & Trust hold?

Guaranty Bank & Trust may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Sulphur Springs currently buying?

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