Lamar School District Re-2 Board of Education Meeting Minutes March 2026
District Moves $4M to 12-Month CD at Frontier Bank
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Description
The Lamar School District Re-2 Board approved transferring $4 million from ColoTrust into a 12‑month certificate of deposit at Frontier Bank at a 3.59% interest rate. The action is part of the district’s strategy to invest funds locally following a review of CD options from area banks.
Contract Details
Contract Amount
$4 million for 12 months at 3.59%
Vendor
FRONTIER BANK
Agency
Lamar School District RE-2, CO
Contract Type
FINANCIAL_SERVICES
Document Date
March 9, 2026
Contract Term
12 months
Renewal Info
Single 12‑month CD investment; renewal or reinvestment options will need to be considered at maturity.
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