Village of Mackinaw City Council Agenda Packet December 2025
Village Redeems CD at First National Bank of St. Ignace
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Description
The Village Council approved Resolution 2025-024 authorizing redemption of a Village certificate of deposit held at First National Bank of St. Ignace. The funds will be moved to a higher-yield CD at another institution, depending on rate comparisons.
Contract Details
Vendor
FIRST NATIONAL BANK OF ST IGNACE
Agency
City of Mackinaw City village, MI
Contract Type
FINANCIAL_SERVICES
Document Date
December 18, 2025
Renewal Info
Existing CD investment at First National Bank of St. Ignace is being redeemed and reallocated to another institution based on rate comparisons.
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