Town of Lake Park City Council Meeting Minutes March 2026
Lake Park Places New CD at State Bank of Lake Park
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Description
Lake Park established a $117,899.12, 12‑month certificate of deposit at 3.5% with State Bank of Lake Park, shifting municipal funds from a prior institution. Another CD will be moved there upon maturity.
Contract Details
Contract Amount
$117,899.12
Vendor
STATE BANK OF LAKE PARK
Agency
Town of Lake Park, MN
Contract Type
FINANCIAL_SERVICES
Document Date
March 9, 2026
Contract Term
12 months at 3.5% starting March 9, 2026
Renewal Date
2027-03-09
Renewal Info
CD term is 12 months at 3.5%, maturing around March 9, 2027; council noted intent to move another CD to State Bank of Lake Park when it matures.
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