Lamar School District Re-2 Board of Education Meeting Minutes March 2026
Board Approves $4M Six-Month CD at GNBank
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Description
The Lamar School District Re-2 Board authorized transferring $4 million from ColoTrust into a 6‑month certificate of deposit at GNBank at a 3.75% interest rate. This short‑term investment complements a parallel 12‑month CD to diversify maturities and rates.
Contract Details
Contract Amount
$4 million for 6 months at 3.75%
Vendor
GNBANK
Agency
Lamar School District RE-2, CO
Contract Type
FINANCIAL_SERVICES
Document Date
March 9, 2026
Contract Term
6 months
Renewal Info
Single 6‑month CD investment; renewal or reinvestment options will need to be considered at maturity.
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