FINANCIAL_SERVICESAPPROVED

Dewey Public Schools Board of Education Minutes May 2026

Board Reinvests $1.25M CD With Arvest Bank

$1,250,000 @ 2.42% interestDewey Public SchoolsARVEST BANKMay 4, 2026

Trusted by teams at

Description

The Board of Education approved reinvestment of Certificate of Deposit #XX0377 with Arvest Bank at maturity on May 8, 2026. The CD totals $1,250,000 at a 2.42% interest rate.

Contract Details

Contract Amount

$1,250,000 @ 2.42% interest

Vendor

ARVEST BANK

Agency

Dewey Public Schools, OK

Contract Type

FINANCIAL_SERVICES

Document Date

May 4, 2026

Contract Term

Reinvestment upon maturity date May 8, 2026

Renewal Info

Single reinvestment action at maturity; term length of the renewed CD is not specified in the minutes and will define the next renewal date.

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