Sioux Falls School District School Board Meeting Minutes April 27 2026
First Premier Bank Awarded Three-Year District Banking Contract
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Description
After reviewing RFP responses, the Sioux Falls School Board selected First Premier Bank for District banking services and authorized a three-year contract with no monthly fee and interest at the average monthly 91-day T-Bill Rate plus 20 basis points. The agreement, Contract 26-040, includes options to extend.
Contract Details
Contract Amount
$0 monthly fee; interest at monthly 91-day T-Bill Rate + 20 bps
Vendor
FIRST PREMIER BANK
Agency
Sioux Falls School District 49-5, SD
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Contract Term
Three-year contract starting after April 10, 2026
Renewal Date
2029-04-10
Renewal Info
Initial three-year term with options to extend beyond the base period under Contract 26-040; renewal decisions will depend on future Board action.
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