Beachwood City Schools Agenda Regular Meeting of the Board of Education 2026-06-22
Dollar Bank Selected as School Funds Depository
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Description
The Board approved Dollar Bank, Federal Savings Bank as a depository for up to $30 million in active funds and $30 million in interim funds for the period August 1, 2026 through July 31, 2031. The award is governed by Ohio public depository laws and District policy.
Contract Details
Contract Amount
Up to $30,000,000 active deposits; up to $30,000,000 interim deposits
Vendor
DOLLAR BANK FEDERAL SAVINGS BANK
Agency
Beachwood City Schools, OH
Contract Type
FINANCIAL_SERVICES
Document Date
June 22, 2026
Contract Term
August 1, 2026 through July 31, 2031
Renewal Date
2031-07-31
Renewal Info
Designated for a five‑year depository period through July 31, 2031; Board must act again to extend or modify these arrangements after that date.
More from DOLLAR BANK FEDERAL SAVINGS BANK
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ONGOINGinvestment_report_september_30_2025.pdf
ONGOINGinvestment_report_august_31_2025.pdf
ONGOINGinvestment_report_july_31_2025.pdf
ONGOINGMore from Beachwood City Schools
Beachwood City Schools Agenda Regular Meeting of the Board of Education 2026-06-22
Beachwood City Schools Agenda Regular Meeting of the Board of Education 2026-06-22
Beachwood City Schools Agenda Regular Meeting of the Board of Education 2026-06-22
Beachwood City Schools Agenda Regular Meeting of the Board of Education 2026-06-22
Beachwood City Schools Agenda Regular Meeting of the Board of Education 2026-06-22
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