City of Crossville - File #: 25-0279

• File #: 25-0279
• Version: 1
• Name: Approval of contract for Banking Services
• Type: Bids/Purchases
• Status: Consent Agenda
• File created: 7/15/2025
• In control: City Council
• On agenda: 8/12/2025
• Final action: 8/12/2025
• Title: Approval of contract for Banking Services

Date	Ver.	Action By	Action	Result
8/12/2025	1	City Council
8/5/2025	1	Work Session

Title

Approval of contract for Banking Services

Body

SUMMARY: The City of Crossville sent out Requests for Quotations for Banking Services. The City received one response from One Bank of Tennessee, which the City currently uses. The Contract period for the services shall be for the period beginning August 1^st, 2025, and ending July 31^st, 2029, with an option to renew for two years. Finance Director Nathan Clouse has reviewed One Bank of Tennessee’s RFQ, and recommends awarding the contract to One Bank of Tennessee.

Recommended Action

NECESSARY COUNCIL ACTION: Award contract for Banking Services