Saying that Bankwell is a truly local bank, Selectman Kit Devereaux last week urged town officials to take greater efforts to include the company in soliciting bids for the municipality’s business.
In reviewing a proposed $600,000 agreement between the town and a New Jersey-based bank, Devereaux asked New Canaan CFO Sandra Dennies whether local banks had an opportunity to bid on the project (an IT equipment lease-purchase agreement for the district).
Told that banks who received an email on it included People’s United Bank, First County Bank and Chase—but that Dennies was “not certain” if Bankwell received the offer—Devereaux urged the town to include Bankwell and other local banks in the future.
“I would like to request that when we make that list that, for instance, Bankwell—which is probably our most local bank—is included for the opportunity,” Devereaux said at the meeting, held in Town Hall. “It could be something that local banks can’t compete on unless they have the opportunity.”
Devereaux and First Selectman Kevin Moynihan voted 2-0 to approve the agreement, with Ringoes, N.J.-based U.S. Bancorp Government Leasing and Finance, Inc. Selectman Nick Williams was absent.