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FINANCIAL_SERVICESAPPROVED

southwest_michigan_regional_airport_authority_boar.pdf

Board authorizes CD placement at 1stSource

$250,000.00 CD (planned)Southwest Michigan Regional Airport Authority1STSOURCENovember 20, 2025

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Description

The board approved establishing a $250,000 certificate of deposit at 1stSource, subject to favorable interest rates, as part of its deposit diversification strategy. This step supports FDIC coverage compliance for airport assets.

Contract Details

Contract Amount

$250,000.00 CD (planned)

Vendor

1STSOURCE

Agency

Southwest Michigan Regional Airport Authority, MI

Contract Type

FINANCIAL_SERVICES

Document Date

November 20, 2025

Issuing Agency

Southwest Michigan Regional Airport Authority

Airport Authority

MI

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Vendor

1STSOURCE

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