Caro City Council Minutes January 2026
Council Renews CDARS Investment With Northstar Bank
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Description
The Caro City Council approved maintaining a $312,196.71 CDARS investment with Northstar Bank for another 52 weeks at a 3.35% interest rate. This action continues the city’s existing banking and investment relationship with the institution.
Contract Details
Contract Amount
$312,196.71
Vendor
NORTHSTAR BANK
Agency
City of Caro, MI
Contract Type
FINANCIAL_SERVICES
Document Date
January 5, 2026
Contract Term
52 weeks at 3.35%
Renewal Info
Existing CDARS placement with Northstar Bank renewed/continued for an additional 52-week term at 3.35%. Future renewal or reinvestment will need council action upon maturity of this term.
More from NORTHSTAR BANK
Related Contracts
Hume Township Minutes 2026-05-18
ONGOINGHume Township Minutes 2026-05-18
ONGOINGArgyle Township Board Monthly Meeting Minutes 2026-04-11
APPROVEDArgyle Township Board Monthly Meeting Minutes 2026-04-11
APPROVEDSigel Township Regular Monthly Meeting Minutes February 2026
RENEWEDMore from City of Caro
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caro_city_council_regular_meeting_minutes_december.pdf
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caro_city_council_regular_meeting_minutes_december.pdf
city-of-caro-city-council-meeting-agenda-november-3-2025_dc2.pdf
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