Primary Depository Services

The City of Red Oak is seeking a primary depository services provider. The initial contract period will be from June 1, 2022, to May 31, 2024, with the option to extend for three additional one-year periods. The selected vendor will provide depository services to the City. The key requirements for the vendor include having a physical location within the City's municipal boundaries. • The contract was awarded to Prosperity Bank. • The City Council approved the recommendation to award the contract. • The contract period can be extended for up to three additional years. • The vendor must have a physical location within the City's municipal boundaries. • The City of Red Oak is the initiating agency for this contract.