Jackson City Council Members Debate Bank Change - MSNewsNow.com - Jackson, MS

Jackson City Council Members Debate Bank Change

Jackson City Council members are weighing the pros and cons of making a banking change.  Council President DeKeither Stamps questioned why the decision has been made to change from Trustmark Bank to BancorpSouth.

The city currently has a contract with Trustmark to handle more than 70-million dollars in taxpayer money. That contract expires December 31st.  Stamps questioned the timing of the decision and what it would mean for city business and possible liability.

Jackson Mayor Tony Yarber said, "I think there may be some concern from the council that this transition will happen all of a sudden and that we will throw money from one place to another.  I think both Trustmark and  BancorpSouth have made it clear there will be a partnership in making that happen".

DeKeither Stamps told us, "like I said I'm in favor of the contract just to state my position, I just don't feel like the process has given us enough time to make a comfortable decision."

The item was tabled Monday night. But council members plan to meet again to discuss the issue December 30th. 

Council members also questioned how a decision was made to make a switch in banks without them being given more time to examine and get more information on making the change.


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