New bank selected for county
September 19, 2018
Commerce Bank has been selected by the county treasurer as the bank Sweetwater County will put its depositories in.
At the Sweetwater County Commissioners’ meeting Tuesday morning, county treasurer Robb Slaughter gave the commissioners an update on how the transfer of funds out of Bank of the West was going.
The county had $15.8 million of the general fund is with Bank of the West, while $1.4 million is in insurance with them and about $14 million is invested with the bank.
The reason the county decided to pull its funds out of Bank of the West was because of a statement corporate Bank o...