Boonsboro Mayor and Council Meeting Minutes April 13, 2026
Boonsboro Shifts $1M From Middletown Valley Bank
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Description
The Boonsboro Mayor and Council authorized transferring $1 million from the Town’s Middletown Valley Bank General Fund ICS account to First United Bank and Trust to obtain a higher interest rate. This action modifies the Town’s banking and investment allocation but does not reflect a new expenditure.
Contract Details
Contract Amount
$1,000,000 (funds transfer)
Vendor
MIDDLETOWN VALLEY BANK
Agency
Town of Boonsboro, MD
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
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