village-of-ramsey-board-meeting-minutes-october-6-2025_c76.pdf
Village Moves CD Funds From Midland Bank
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Description
The Village of Ramsey board approved moving a maturing $50,000 General Fund certificate of deposit from Midland Bank into new CDs at United Fidelity. This shifts the village’s investment from Midland Bank to a new financial institution.
Contract Details
Contract Amount
$50,000.00 (principal CD amount)
Vendor
MIDLAND BANK
Agency
Town of Ramsey, IL
Contract Type
FINANCIAL_SERVICES
Document Date
October 6, 2025
Contract Term
Existing CD maturing October 11, 2025; reinvestment will move funds out of Midland Bank
Renewal Date
2025-10-11
Renewal Info
Existing Midland Bank CD will not be renewed; funds will be withdrawn at maturity on or about 2025-10-11 and reinvested elsewhere.
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