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FINANCIAL_SERVICESRENEWED

Town of Double Oak AgendaPacket Town Council Regular Meeting 2026-06-01

Town Renews Depository Services Contract with SouthState Bank

Fed rate minus 0.25%Town of Double OakSOUTHSTATE BANKJune 1, 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 Double Oak Town Council renewed its contract with SouthState Bank for depository services for one year at a rate of Fed rate minus 0.25%. The Town has retained SouthState as its depository services provider for nearly 20 years and will issue a request for proposals for competitive bids in the coming year.

Contract Details

Contract Amount

Fed rate minus 0.25%

Vendor

SOUTHSTATE BANK

Agency

Town of Double Oak, TX

Contract Type

FINANCIAL_SERVICES

Document Date

June 1, 2026

Contract Term

1 year

Renewal Date

2027-05-19

Renewal Info

Renewed for one year; Town to issue RFP for future selection; longstanding relationship (20 years).

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