City of Lincoln City Council Meeting Minutes March 2026
City Invests $7 Million in CDs at Dakota Community Bank
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Description
The Lincoln City Council authorized Dakota Community Bank to place $7 million of city checking funds into three six-month Certificates of Deposit at a 3.9% rate. The investment is split into two $2 million CDs and one $3 million CD.
Contract Details
Contract Amount
$7,000,000.00
Vendor
DAKOTA COMMUNITY BANK
Agency
City of Lincoln, ND
Contract Type
FINANCIAL_SERVICES
Document Date
March 5, 2026
Contract Term
6 months
Renewal Info
Single 6‑month CD placement; any renewal or rollover after maturity would require a subsequent action or instruction by the city.
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