smithsburg_mayor_and_council_regular_meeting_minut.pdf
Town Adopts 10-Year Investment Plan With First United
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Description
Smithsburg’s Mayor and Council approved a 10-year corporate investment plan with First United Bank and Trust, which manages the town’s general, water, and sewer funds. The decision responds to anticipated Federal Reserve interest rate reductions and reallocates excess cash into longer-term investments.
Contract Details
Vendor
FIRST UNITED BANK & TRUST
Agency
Town of Smithsburg, MD
Contract Type
FINANCIAL_SERVICES
Document Date
November 4, 2025
Contract Term
10-year investment plan
Renewal Info
The action initiates or modifies a 10-year investment strategy; no interim renewal options were described.
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