Gurnee School District 56 Regular Meeting Agenda April 22, 2026
Regent Bank CD Used for District Investment
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Description
The district holds a $224,700.00 certificate of deposit with Regent Bank earning 3.860% interest and maturing April 9, 2026. It supports liquidity and earnings in the General Fund.
Contract Details
Contract Amount
$224,700.00 (par value $230,165.44)
Vendor
REGENT BANK
Agency
Gurnee SD 56, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 22, 2026
Contract Term
Certificate of deposit, 08/22/2025 – 04/09/2026, rate 3.860%
Renewal Date
2026-04-09
Renewal Info
CD to be reviewed for renewal or reallocation at maturity.
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