Civic IQ
FINANCIAL_SERVICESAPPROVED

Alexander Central School District Agenda Reorganization Meeting 2026-07-01

Five Star Bank Named Official Depository

Up to $33,000,000 on depositAlexander Central School DistrictFIVE STAR BANKJune 30, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The district will designate Five Star Bank as an official depository for up to $33,000,000 for the 2026-2027 fiscal year. This action authorizes the bank to hold district funds as part of its cash management strategy.

Contract Details

Contract Amount

Up to $33,000,000 on deposit

Vendor

FIVE STAR BANK

Agency

Alexander Central School District, NY

Contract Type

FINANCIAL_SERVICES

Document Date

June 30, 2026

Contract Term

2026-2027 Fiscal Year

Renewal Date

2027-06-30

Renewal Info

Designation applies to the 2026-2027 fiscal year; continuation beyond that year requires reauthorization.

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