Board of Commissioners · January 29, 2026
R-26-1-902
Approve contract amendment with FirstBank for banking services and investment interest rate
CONSIDERATION OF A RESOLUTION OF THE COMMISSION OF KNOX COUNTY, TENNESSEE, APPROVING A CONTRACT AMENDMENT WITH FIRSTBANK TO EXERCISE THE FIRST EXTENSION OF THE BANKING SERVICES CONTRACT THROUGH JANUARY 31, 2027, AND AMEND THE INVESTMENT INTEREST RATE TO THE EFFECTIVE FEDERAL FUNDS RATE MINUS TWELVE BPS (0.12%) WITH A FLOOR RATE OF 0.50%)
See this item across every meeting →On January 29, 2026, the Knox County, TN Board of Commissioners adopted “Approve contract amendment with FirstBank for banking services and investment interest rate” by a vote of 11–0.
Motion to approve Resolution R-26-1-902 - Resolution of the Commission of Knox County, Tennessee, approving a Contract Amendment with FirstBank to exercise the first extension of the Banking Services contract through January 31, 2027, and amend the investment interest rate to the effective federal funds rate minus twelve bps (0.12%) with a floor rate of 0.50%).
Moved by Courtney Durrett · seconded by Larsen Jay
Topics: Contracts & purchasing
The vote as recorded
Aye · 11
Public forum
The clerk’s minutes note 10 speakers at the public forum for this meeting.
A sign-up count from the minutes — not a measure of overall public opinion.