Notice of Award - Banking Services Request for Proposals

At the November 6, 2023 Town Council meeting, the Council unanimously voted to award Androscoggin Bank (the Town's current primary banking institution) as the provider for municipal banking services.  Additionally, the Town will continue to maintain services with Kennebec Savings Bank for daily deposits as well as investment management of scholarship and trust funds.  The Town received seven proposals in response to a Request for Proposals; full details, including a listing of all responders, can be found in the attachment below.