Gurnee School District 56 Regular Meeting Agenda April 22, 2026
Third Coast Bank CD Investment for District
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Description
Gurnee School District 56 holds a $244,300.00 certificate of deposit with Third Coast Bank at 3.890%, maturing April 9, 2026. The investment forms part of the General Fund portfolio.
Contract Details
Contract Amount
$244,300.00 (par value $249,923.85)
Vendor
THIRD COAST BANK
Agency
Gurnee SD 56, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 22, 2026
Contract Term
Certificate of deposit, 09/05/2025 – 04/09/2026, rate 3.890%
Renewal Date
2026-04-09
Renewal Info
Short-term CD; action at maturity will determine renewal or reinvestment.
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