City of Alma Commission Meeting Agenda Packet February 2026
$250,000 CD Investment Ratified with Independent Bank
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Description
City of Alma ratified a $250,000 investment in a 6-month CD at Independent Bank at 3.35% interest, as part of city fund management.
Contract Details
Contract Amount
$250,000
Vendor
INDEPENDENT BANK
Agency
City of Alma, MI
Contract Type
FINANCIAL_SERVICES
Document Date
February 24, 2026
Contract Term
2/9/2026 – 8/2/2026 (CD, 6 months)
Renewal Date
2026-08-02
Renewal Info
Standard CD investment; renewal upon maturity based on city policy.
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City of Alma Commission Meeting Agenda Packet February 2026
City of Alma Commission Meeting Agenda Packet February 2026
City of Alma Commission Meeting Agenda Packet February 2026
City of Alma Commission Meeting Agenda Packet February 2026
City of Alma Commission Meeting Agenda Packet February 2026
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