Lebanon R-3 School Board Accepts a Depository Agreement

The Lebanon R-3 School Board accepted a depository agreement at their meeting yesterday (Tuesday). The board had to approve a bank depository service agreement. Executive Director of Business and Operations Adam Dameron presented the bids received to the board and said it was a good idea for the district to go with a fixed interest rate.

That fixed interest rate from Arvest Bank that was approved was for 4.35 percent for the next three years.