city-of-weaver-council-meeting-minutes-august-12-2025_255.md
City Reinvests $300,000 CD With Investar Bank
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Description
The City of Weaver reinvested a matured certificate of deposit with Investar Bank, bringing the total investment to $300,000 including principal, interest, and additional funds. The CD will continue to serve as a city investment vehicle held with the bank.
Contract Details
Contract Amount
$300,000
Vendor
INVESTAR BANK
Agency
City of Weaver, AL
Contract Type
FINANCIAL_SERVICES
Document Date
August 12, 2025
Renewal Info
Existing certificate of deposit was renewed with the same bank after maturity; specific term and future renewal options are not described in the minutes.
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