City of Maryville Agenda Packet 2026-05-11
City Investments Collateralized at Nodaway Valley Bank
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Description
Maryville maintains $549,000 in collateralized certificates of deposit with Nodaway Valley Bank at rates up to 4.00%, maturing in 2026. The bank provides pledged securities to secure uninsured public deposits as documented in the collateral analysis.
Contract Details
Contract Amount
$300,000; $249,000; Total $549,000
Vendor
NODAWAY VALLEY BANK
Agency
City of Maryville, MO
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
Certificates of Deposit maturing 10/18/2026 and 07/20/2026; 12-month terms
Renewal Date
2026-10-18
Renewal Info
CDs are fixed-term deposits; funds may be reinvested upon maturity based on future council direction.
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