Faribault County Board of Commissioners Agenda February 2026
County to Reinvest Bond Proceeds in Local Bank CD
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Description
Faribault County Board will consider reinvesting approximately $168,587 from a February 26 bond maturity and available cash into either a 1-year or 4-year certificate of deposit with First Bank of Blue Earth. The agenda item seeks to keep the investment local while following the Investment Board’s preference for a 1-year CD.
Contract Details
Contract Amount
Approximately $168,587
Vendor
FIRST BANK OF BLUE EARTH
Agency
Faribault County, MN
Contract Type
FINANCIAL_SERVICES
Document Date
February 17, 2026
Contract Term
Option of 1-year CD or 4-year CD
Renewal Info
Future renewal or rollover of the certificate of deposit will depend on the term selected (1-year or 4-year) and market conditions at maturity.
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