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FINANCIAL_SERVICESONGOING

City of Edmond Finance/Audit Committee Regular Meeting Agenda April 2026

City Invests $17M in Prism Bank CDARS CDs

$17,000,000.00 (CDARS principal outstanding)City of EdmondPRISM BANKApril 16, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The City of Edmond has $17 million invested in CDARS certificates of deposit through Prism Bank, earning interest rates of roughly 3.8–4.4% with maturities scheduled in late 2026. These deposits form part of the City’s diversified pooled investment strategy.

Contract Details

Contract Amount

$17,000,000.00 (CDARS principal outstanding)

Vendor

PRISM BANK

Agency

City of Edmond, OK

Contract Type

FINANCIAL_SERVICES

Document Date

April 16, 2026

Contract Term

Various CDARS maturities in 2026

Renewal Info

CDARS CDs will mature on their scheduled 2026 dates; the City may elect to roll over or redeem at maturity.

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