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Florida Keys News - Key West Citizen
Thursday, March 7, 2013
Bank to end schools contract
Asks district to OK less interest

First State Bank, chief banker for the Monroe County School District for 18 years, has served notice that it intends to terminate its current three-year contract effective March 19.

In its place, the bank proposes to "amend" the contract, decreasing the amount of interest paid to the district from a floor of 1.05 percent to .50 percent.

The decision, whi...

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