southwest_michigan_regional_airport_authority_boar.pdf
Airport reallocates deposits with Sturgis Bank
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Description
The Southwest Michigan Regional Airport Authority approved reallocating airport funds at Sturgis Bank into a $250,000 CD, a $250,000 checking account, and additional funds into a checking account to remain within FDIC insurance limits. The action is part of Motion 2025-11 addressing cash management and deposit insurance coverage.
Contract Details
Contract Amount
$250,000.00 CD; $250,000.00 checking account; additional unspecified checking balance
Vendor
STURGIS BANK
Agency
Southwest Michigan Regional Airport Authority, MI
Contract Type
FINANCIAL_SERVICES
Document Date
November 20, 2025
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approvedMore from Southwest Michigan Regional Airport Authority
southwest_michigan_regional_airport_authority_boar.pdf
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southwest_michigan_regional_airport_authority_boar.pdf
southwest_michigan_regional_airport_authority_boar.pdf
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