City Banking Relationship Transition From First Guaranty

Watauga’s financial report notes that First Guaranty Bank, the City’s current depository, has agreed to transfer its Texas locations—and thus the City’s primary operating accounts—to Armstrong Bank effective July 31, 2026. The banking relationship will continue under the acquiring institution after the transaction closes.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal date

2026-07-31

Renewal

Banking services contract is expected to transition to Armstrong Bank as part of First Guaranty Bank’s sale of its Texas locations effective July 31, 2026.

Document type

Agenda

Source document

Watauga City Council Agenda 2026-07-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Watauga?

First Guaranty Bank was awarded this financial services contract by City of Watauga, as recorded on July 12, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Watauga City Council Agenda 2026-07-13 (Agenda), dated July 12, 2026 from City of Watauga. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Guaranty Bank hold?

First Guaranty Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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