Wakefield Township Board Meeting Minutes February 2026
$220,000 CD Reinvestment Approved at Falcon Bank
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Description
The Board authorized reinvesting $220,000 in a 6-month, 3.85% CD at Falcon Bank in Richmond, Minnesota upon maturity.
Contract Details
Contract Amount
$220,000
Vendor
FALCON BANK
Agency
Town of Wakefield, MN
Contract Type
FINANCIAL_SERVICES
Document Date
February 5, 2026
Contract Term
6 months at 3.85%
Renewal Date
2026-08-05
Renewal Info
Action valid for this 6-month period; renewal reviewed at next maturity.
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