City of Corsicana City Council Meeting Agenda Packet May 11 2026
VeraBank Selected for City Depository Services
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Description
The Corsicana City Council is asked to award the banking depository services contract to VeraBank, which submitted the only proposal in response to the City's RFP. The agreement will run from October 1, 2026 through September 30, 2029, with options for two additional one-year extensions.
Contract Details
Vendor
VERABANK
Agency
Housing Authority of Corsicana, TX
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
October 1, 2026 – September 30, 2029, with two optional one-year extensions
Renewal Date
2031-09-30
Renewal Info
Three-year initial depository contract with provision for two additional one-year continuations under the same terms and conditions, by mutual agreement.
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