FINANCIAL_SERVICESRENEWED

pontoon_beach_public_water_district_meeting_minute.pdf

District Renews Two CDs with Royal Banks

Pontoon Beach Public Water DistrictROYAL BANKSNovember 5, 2025

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Description

Pontoon Beach Public Water District renewed two maturing certificates of deposit with Royal Banks for a 9‑month term at 4.73% interest. The board unanimously approved the renewal option over longer-term alternatives.

Contract Details

Vendor

ROYAL BANKS

Agency

Pontoon Beach Public Water District, IL

Contract Type

FINANCIAL_SERVICES

Document Date

November 5, 2025

Contract Term

9 months

Renewal Date

2025-06-09

Renewal Info

Two CDs maturing on September 9, 2024 at Royal Banks were renewed for a 9‑month term at 4.73% interest. Future renewal options are not specified.

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Issuing Agency

Pontoon Beach Public Water District

Utility District

Granite City, IL

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Vendor