Town Shifts Accounts to Interest-Bearing Status at Bank
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Description
Council approved moving all Town of Damascus accounts into interest-bearing accounts with Bank of Damascus to increase revenue without added fees or new account numbers.
Contract Details
Vendor
BANK OF DAMASCUS
Agency
Town of Damascus, VA
Contract Type
FINANCIAL_SERVICES
Document Date
January 5, 2026
Renewal Info
Service ongoing; terms set by bank and subject to change, council may revisit rates or relationship annually.
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Damascus Town Council Meeting Minutes February 2026
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