Penn Township Supervisor Meeting Minutes April 15 2026
Township Purchases One-Year CD from Central Penn Bank
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Description
Penn Township approved purchasing an $83,399.99 certificate of deposit from Central Penn Bank for a one-year term at 3.90% interest. The move allocates township funds into a short-term investment vehicle.
Contract Details
Contract Amount
$83,399.99
Vendor
CENTRAL PENN BANK
Agency
Town of Penn, PA
Contract Type
FINANCIAL_SERVICES
Document Date
April 15, 2026
Contract Term
1 year at 3.90% interest
Renewal Date
2027-04-15
Renewal Info
CD will mature after one year; no automatic renewal terms stated in the minutes.
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