City of Leander City Council Meeting Agenda 2026-06-18
Leander Awards Primary Depository Banking to Frost Bank
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Description
Leander City Council awarded the primary depository services contract to Frost Bank for an initial two years, renewable up to three additional years. Services include all banking and treasury management functions for the City, with fees offset by accrued interest.
Contract Details
Contract Amount
Accrued interest will exceed all proposed fees (no net city expenditure)
Vendor
FROST BANK
Agency
City of Leander city, TX
Contract Type
FINANCIAL_SERVICES
Document Date
June 18, 2026
Contract Term
Initial two (2) year term, with up to three (3) one (1) year renewals
Renewal Date
2031-03-31
Renewal Info
Contract provides for three optional one-year renewals after the initial two-year term, subject to council approval.
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