City of Tuckerman Regular City Council Meeting Minutes 2026-05-11
City Ratifies $40,000 CD With Local Bank
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Description
The Tuckerman City Council ratified investing $40,000 in a certificate of deposit with Merchants and Planters Bank under Resolution 006-2026. The resolution also defines how interest earned on the CD will be appropriated.
Contract Details
Contract Amount
$40,000
Vendor
MERCHANTS & PLANTERS BANK
Agency
City of Tuckerman, AR
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Renewal Info
Investment is held in a certificate of deposit; specific maturity date or renewal terms were not stated in the minutes.
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