School district plans
to use Citizens National Bank for loan

By By Georgia E. Frye / staff writer
July 28, 2004
Meridian School Board members voted Tuesday to use Citizens National Bank of Meridian when the school district borrows $1.75 million for school building repairs.
Suzanne Smith, chief financial officer for the Meridian Public School District, said the loan will have an average interest rate of 2.43 percent.
The school district plans to begin renovation projects at nine of its 15 campuses next summer. Smith said the school district officially will borrow the money Sept. 1, with the first payment due in September 2005.