Richland Township Board of Trustees Meeting Agenda Packet May 2026
Arbor Financial Hosts Township CDs and Savings
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Description
Richland Township invests portions of its general and fire capital funds with Arbor Financial, including 6‑month CDs maturing September 11, 2026 at 3.55%. These deposits support a laddered investment strategy for township reserves.
Contract Details
Vendor
ARBOR FINANCIAL
Agency
Town of Richland, MI
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
Savings accounts and multiple 6‑month CDs maturing 9/11/2026
Renewal Date
2026-09-11
Renewal Info
Two 6‑month CDs at 3.55% will mature on 2026-09-11, at which point the township may renew or reallocate funds.
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