city_of_weaver_council_meeting_minutes_may_13_2025.md
City Renews $300,000 CD with Investar Bank
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Description
The City of Weaver Council approved Mayor Clendenning to negotiate and renew a $300,000 Certificate of Deposit investment with Investar Bank for the 3rd quarter of FY 2025. The renewal combines matured funds and additional savings.
Contract Details
Contract Amount
$300,000
Vendor
INVESTAR BANK
Agency
City of Weaver, AL
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2025
Contract Term
3rd Quarter-FY 2025 (exact term unspecified)
Renewal Info
CD matured from previous term; renewal approved with an increased amount from savings.
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