Village of Camden Council Meeting Minutes February 2026
Prior CD Cancellations at Somerville Bank Reviewed
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Description
Village officials discussed prior early certificate of deposit cancellations at Somerville Bank that led to about $5,000 in losses, seeking minutes to review those investment decisions. The discussion highlights historical investment contracts and penalties associated with the bank.
Contract Details
Contract Amount
~$5,000 loss noted from early CD cancellations
Vendor
SOMERVILLE BANK
Agency
Camden village, OH
Contract Type
FINANCIAL_SERVICES
Document Date
February 5, 2026
Renewal Info
Past CD agreements incurred penalties upon early cancellation; no specific current renewal terms were discussed.
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Related Contracts
Village of Camden Council Meeting Minutes February 2026
ONGOINGtown-of-milford-regular-meeting-minutes-september-3-2024_82f.pdf
approvedtown-of-canaan-meeting-minutes-2024-06-06_f7c.pdf
APPROVEDtown-of-camdenmeeting-minutes2024-06-06_ff4.pdf
APPROVEDtown-of-camdenmeeting-minutes2024-06-06_ff4.pdf
APPROVEDMore from Camden village
Village of Camden Council Meeting Agenda February 2026
Village of Camden Council Meeting Minutes February 2026
Village of Camden Council Meeting Minutes February 2026
Village of Camden Council Meeting Minutes February 2026
Village of Camden Council Meeting Minutes February 2026
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