Town Renews Depository Services Contract with SouthState Bank
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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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Town of Double Oak Town Council Meeting Agenda May 4 2026
Town of Double Oak Town Council Meeting Agenda May 4 2026
Town of Double Oak Town Council Meeting Agenda May 4 2026
Town of Double Oak Town Council Meeting Agenda May 4 2026
Town of Double Oak Town Council Meeting Agenda May 4 2026
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