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FINANCIAL_SERVICESAPPROVED

Stockton University Board of Trustees Meeting Agenda May 7 2026

Wells Fargo to provide institutional banking services

FY27-FY29: $291,000Stockton UniversityWELLS FARGO BANK N.A.May 4, 2026

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Description

The Board authorized a three-year, $291,000 bid waiver agreement with Wells Fargo Bank N.A. for institutional banking services and operation of two on-campus ATMs. Earnings credits generated by deposits are expected to offset banking service fees.

Contract Details

Contract Amount

FY27-FY29: $291,000

Vendor

WELLS FARGO BANK N.A.

Agency

Stockton University, NJ

Contract Type

FINANCIAL_SERVICES

Document Date

May 4, 2026

Contract Term

FY27–FY29 (3 years)

Renewal Date

2029-06-30

Renewal Info

Agreement runs FY27–FY29; no explicit renewal options stated.

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