Ponderosa Forest Utility District Minutes of Meeting of Board of Directors 2026-05-21
District Approves $250,000 CD Purchase from Third Coast Bank
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Description
Ponderosa Forest Utility District approved the purchase of a $250,000 Certificate of Deposit from Third Coast Bank for a 180-day term at a 3.80% interest rate. The action was listed in the bookkeeper's report and passed unanimously by the board.
Contract Details
Contract Amount
$250,000.00
Vendor
THIRD COAST BANK
Agency
Ponderosa Forest Utility District, TX
Contract Type
FINANCIAL_SERVICES
Document Date
May 21, 2026
Contract Term
180 days
Renewal Date
2026-11-17
Renewal Info
Investment is for a 180-day term; renewal subject to future board actions.
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