Tonkawa school bonds of $550,000 were awarded to Fist National Bank of Oklahoma, Tonkawa branch, in association with The Baker Group of Oklahoma City.
The bank was the low bid on net interest cost of $6,044.50 and an average rate of 0.5495%.
Next low was BOK Financial Securities of Oklahoma City at a net interest cost of $6,484.50 and average rate of 0.5895%. The only other bid was from F&M Bank of Edmond with a net interest cost of $7,700 and an average rate of 0.7%.
The bid was awarded at a special meeting of the Tonkawa school board Thursday, June 3, at noon.
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