City of Sedan Council Meeting Minutes April 2026
Council Declines CD Bid from Elevate Bank
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Description
Elevate Bank’s 3.79% bid for the city’s 12‑month certificates of deposit was declined in favor of a higher rate from Bank of Sedan. Three existing city CDs will be moved from Elevate Bank as part of the decision.
Contract Details
Vendor
ELEVATE BANK
Agency
Sedan City Hospital, KS
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
12 months bid for 7 maturing city CDs starting May 2026 (not accepted)
Renewal Date
2026-05-31
Renewal Info
Existing CDs at Elevate Bank will be transferred to Bank of Sedan at maturity in May 2026; no renewal with Elevate Bank was approved.
More from ELEVATE BANK
Related Contracts
City of Sedan Minutes of May 5, 2026
APPROVEDchautauqua-county-community-unified-school-district-minutes-october-13-2025_7aa.pdf
APPROVEDCity of Sedan Council Meeting Minutes April 2025
REJECTEDCity of Sedan Council Meeting Minutes November 2024
RENEWEDtown-of-sedan-special-meeting-minutes-april-26-2024_931.pdf
approvedMore from Sedan City Hospital
City of Sedan Council Meeting Minutes April 2026
City of Sedan Council Meeting Minutes April 2026
City of Sedan Council Meeting Minutes April 2026
City of Sedan Council Meeting Minutes April 2026
City of Sedan Council Meeting Minutes April 2026
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