manhattan_elwood_public_library_district_board_min.pdf
Library invests $100K contingency in 6-month CD
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Description
The Manhattan-Elwood Public Library District approved investing $100,000 of contingency funds into a 6-month high-yield CD at Old Plank Trail Bank. This complements other CD placements to enhance interest earnings on idle funds.
Contract Details
Contract Amount
$100,000
Vendor
OLD PLANK TRAIL BANK
Agency
Manhattan Public Library District, IL
Contract Type
FINANCIAL_SERVICES
Document Date
September 22, 2025
Contract Term
6-month certificate of deposit
Renewal Info
Six-month CD; options for renewal or reinvestment will be evaluated at maturity.
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