Assumption City Council Meeting Minutes February 2025
MFT Funds Investment Approved with Local Bank
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Description
City Council approved investment of $335,344 in MFT funds at 4.25% interest for 12 months with First National Bank of Assumption.
Contract Details
Contract Amount
$335,344.00
Vendor
FIRST NATIONAL BANK OF ASSUMPTION
Agency
City of Assumption, IL
Contract Type
FINANCIAL_SERVICES
Document Date
February 5, 2025
Contract Term
12 months
Renewal Date
2026-02-05
Renewal Info
Investment term is 12 months; renewable subject to council review at maturity.
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