Fountain City Common Council Minutes 2026-04-08
Council Approves CD Restructuring Involving Waumandee Bank
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Description
The council approved establishing a $89,800 certificate of deposit with Waumandee Bank to consolidate funds before transferring them, along with $27,693.10 from Old National State Bank, into a 3.75% four‑month CD at Old National State Bank.
Contract Details
Contract Amount
$89,800.00
Vendor
WAUMANDEE BANK
Agency
City of Fountain, WI
Contract Type
FINANCIAL_SERVICES
Document Date
April 8, 2026
Contract Term
4 months at 3.75% (after transfer)
Renewal Info
New CD arrangement approved as part of a consolidation of funds prior to transfer and reinvestment at Old National State Bank for a 4‑month term at 3.75%.
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