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County to solicit bids for banking services

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By The Staff

SHEPHERDSVILLE -- On the heels of being involved in the loss of over $415,000 in a cyber-theft, Bullitt Fiscal Court will be seeking proposals on a new financial vendor.

Bullitt Fiscal Court has authorized the solicitation of proposals for the banking services of the county.

All inquiries and proposals should be sent to county treasurer Kenann Bradley.

A decision could be made by the next fiscal court meeting on Tuesday, Aug. 18.

In late June, the county’s payroll account was taken for over $415,000 in the on-line crime.

Just over $105,000 had been recovered by freezing accounts where the stolen money had been diverted.

On Tuesday, the court authorized Bullitt County Judge/Executive Melanie Roberts to sign a statement for the insurance carrier, Kentucky Association of Counties, verifying the loss.

The county could receive up to $150,000 in coverage on that claim.

However, the county voted at its previous meeting to file a lawsuit against its current financial partner, First Federal Savings Bank. The suit would seek to recover the lost funds, as well as interest and attorney fees.

Bank officials have said that the security system of the institution had not been breached and no customers were in danger.