City of McPherson Commission Meeting Minutes April 2026
City Renews $2M in CDs at First Bank Kansas
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Description
McPherson renewed two $1 million 12‑month certificates of deposit with First Bank Kansas at a 3.600% interest rate, maintaining $5 million in CDs at the institution as of March 31, 2026. The renewals are part of the City's overall investment portfolio.
Contract Details
Contract Amount
Two $1,000,000 12‑month CDs renewed at 3.600%; total CDs $5,000,000.00
Vendor
FIRST BANK KANSAS
Agency
City of McPherson, KS
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
12 months for renewed CDs
Renewal Info
Two existing 12‑month CDs maturing in Q1 2026 were renewed for another 12 months at a 3.600% interest rate.
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