Banking Services

This contract establishes a five‑year banking‑services relationship between Fauquier County Government & Public Schools and Truist Bank, covering deposit, treasury, and account‑analysis functions for county and school accounts. The agreement locks in a 0.55 % earnings‑credit rate and a 5 % discount on eligible fees, with a three‑month fee waiver at the outset, and provides the option to extend for a second five‑year term. Key elements include: • Fixed‑price, five‑year term (June 2022 – May 2027) with a single‑source vendor for comprehensive treasury management. • Discounted fee structure (5 % off) and initial fee waiver, plus a guaranteed earnings‑credit rate of 55 bps through May 2027. • Standard banking‑service provisions such as account‑analysis statements, security protocols, limited liability, and amendment/termination rights.