City of Robert Lee Minutes Regular City Council Meeting 2026-03-23
City Funds Invested in CDs at Ballinger Bank
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Description
The City of Robert Lee Council approved investing $285,000 across various city funds into Certificates of Deposit at 1st National Bank of Ballinger for 3, 5, and 9 month terms.
Contract Details
Contract Amount
$50,000 (3-month CD), $150,000 (5-month CD), $55,000 (9-month CD)
Vendor
1ST NATIONAL BANK OF BALLINGER
Agency
City of Robert Lee, TX
Contract Type
FINANCIAL_SERVICES
Document Date
March 23, 2026
Contract Term
3 months, 5 months, 9 months
Renewal Date
2026-12-23
Renewal Info
Non-renewing fixed-term CD investments; renewals to be considered at maturity dates.
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