NORMAN — The change has been applauded by members of the local Occupy movement Norman City Council members approved a changer of banks.
The council worked into the night Tuesday to complete a lengthy agenda. Last on that agenda was a proposed change in the city banking contract.
Council members approved a contract to place city financial services with Bank of Oklahoma.
The change was considered after members of the local Occupy movement asked that city funds be placed with a local bank.
Previously, Norman’s contracted bank was Bank of America.
The selection of Bank of Oklahoma was done through the competitive bid process.
Finance Director Anthony Francisco has said that only a large banking institution can provide the extensive services needed.
Also at Tuesday’s meeting, council members approved the consent agenda without discussion. Among the consent items was the letting of bids for the new $3.8 million Fire station No. 9 to be built east of the interesection of Alameda Street and 24th Avenue N.E.