Belvidere Township Park District Board Meeting Minutes 2026-04-14
Park District invests $250K CD with Midland States Bank
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Description
The Belvidere Township Park District approved investing $250,000 with Midland States Bank in a six-month 3.64% CD. Remaining available funds will continue in the sweep money market account at First Mid Bank & Trust.
Contract Details
Contract Amount
$250,000.00
Vendor
MIDLAND STATES BANK
Agency
Belvidere Park District, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Contract Term
Six-month Certificate of Deposit at 3.64% annual interest
Renewal Info
Six-month CD; renewal or reinvestment after maturity to be determined by the District at that time.
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