city_of_meadville_council_meeting_minutes_november.pdf
Meadville Renews and Adds CDs With Verimore Bank
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Description
The City of Meadville approved multiple certificate of deposit renewals and new deposits with Verimore Bank at a 4.04% special interest rate, including added funds of $100,000 and $80,000 and two new CDs totaling $478,266.41. Terms include a mix of six‑month and one‑year maturities.
Contract Details
Contract Amount
Multiple CDs including additions of $100,000 and $80,000; two new CDs for $443,888 and $34,378.41
Vendor
VERIMORE BANK
Agency
City of Meadville, MO
Contract Type
FINANCIAL_SERVICES
Document Date
November 10, 2025
Contract Term
Mix of 6‑month and 1‑year CDs at special rate
Renewal Info
CDs 8539 and 8513 renewed for six months at 4.04% special rate; CDs 8505, 8547, and 8521 renewed for one year at the special rate with added principal to CDs 8505 and 8521; two new one‑year CDs opened at the special rate.
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