Citizens Bank submits top bid for local school bond issuance

Staff Writer
Pawhuska Journal-Capital

Citizens Bank of Oklahoma, Osage County’s only locally-owned financial institution, recently purchased 100 percent of the Pawhuska Public School’s $550,000 General Obligation Building Bond issuance.

Local officials said the bonds will provide the resources necessary for the school district to continue bringing academic excellence to its students.

“The Pawhuska School District’s mission is consistent with the bank’s, as we continue to bring great value to the citizens of Pawhuska and the surrounding communities,” said Citizens Bank President Chris Wilson, a 1987 Pawhuska High School graduate.

“We share a common goal, and we serve the same constituents,” Wilson continued. “This transaction is the perfect partnership, as we reinvest in the community and as the schools cultivate tomorrow’s leaders.”

Superintendent Janet Neufeld said “the school district is pleased that our funding source comes from our neighbor and community supporter, Citizens Bank.”

“It is comforting to know that the officers and shareholders of our creditor are members of our community,” Neufeld added.

Following several months of consideration, Pawhuska Board of Education members voted in May to solicit bids on the $550,000 general obligation building bonds of the district. Four bids were received for the bonds during a special school board meeting on June 2. Board members accepted the bid by Citizens Bank of Oklahoma after determining that it was the lowest and best of the four.

Also on June 2, the board passed resolutions providing for the district’s issuance of the bonds, which were designated as “qualified tax-exempt obligations.”

Citizens Bank of Oklahoma funded the bond issuance at a board of education meeting held July 21.