Certificate of Deposit Awarded to Focus Bank for 13 Months
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Description
The Marmaduke School Board approved a 13-month Certificate of Deposit with Focus Bank at a 5.30% interest rate. This action secures school district funds with a competitive return for over a year. Approval was granted during the December 2023 meeting.
Contract Details
Contract Amount
5.30% for 13 months
Vendor
FOCUS BANK
Agency
Marmaduke School District, AR
Contract Type
FINANCIAL_SERVICES
Document Date
December 11, 2023
Contract Term
13 months
Renewal Date
2025-01-11
Renewal Info
Single term Certificate of Deposit; not specified as auto-renewing.
More from FOCUS BANK
More from Marmaduke School District
Marmaduke School District Special Board Meeting Minutes 2026-04-27
marmaduke_school_district_board_meeting_minutes_no.pdf
marmaduke_school_district_board_meeting_minutes_se.pdf
marmaduke_school_district_board_meeting_minutes_se.pdf
marmaduke-school-district-board-meeting-minutes-august-11-2025_4c7.pdf
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