City of Sedan Council Meeting Minutes April 2025
City awards 1-year CD contracts to Bank of Sedan
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Description
The City of Sedan awarded its CD banking business to Bank of Sedan, approving the transfer of three CDs into 1-year terms at a 4.13% interest rate. The decision followed a competitive bid process with another local bank.
Contract Details
Vendor
BANK OF SEDAN
Agency
City of Sedan, KS
Contract Type
FINANCIAL_SERVICES
Document Date
April 15, 2025
Contract Term
1-year CDs at 4.13% interest
Renewal Info
CDs are for 1-year terms; renewal or reinvestment decisions will be required at maturity.
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