city-of-portland-board-of-mayor-and-aldermen-minutes-september-15-2025_7de.pdf
Volunteer Bank awarded Portland municipal banking services
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Description
The Portland Board of Mayor and Aldermen approved Resolution 25-62 selecting Volunteer Bank as the City's provider of banking services following a competitive RFP process. Volunteer Bank was chosen after offering the highest interest rate in compliance with Tennessee's four-year rebid requirement.
Contract Details
Vendor
VOLUNTEER BANK
Agency
Portland Housing Authority, TN
Contract Type
FINANCIAL_SERVICES
Document Date
September 15, 2025
Contract Term
4 years (per Tennessee Public Chapter 227 banking services rebid requirement)
Renewal Info
Banking services must be re-bid at least every four years under Tennessee Public Chapter 227; this award is expected to run until the next required RFP cycle.
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