Town invests $900,000 CD with local bank
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Description
The Town of Greenback approved investing $900,000 in a 90-day certificate of deposit with People’s Bank of Vonore. The action provides short-term investment of municipal funds under a board-approved financial arrangement.
Contract Details
Contract Amount
$900,000
Vendor
PEOPLE’S BANK OF VONORE
Agency
City of Greenback, TN
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Contract Term
90 day CD investment
Renewal Info
Single 90-day certificate of deposit; any renewal or rollover would require future action or bank instructions not specified in the minutes.
More from City of Greenback
Town of Greenback Meeting of Mayor and Aldermen Minutes April 2026
Town of Greenback Meeting of Mayor and Aldermen Minutes April 2026
town_of_greenback_meeting_of_mayor_and_aldermen_mi.pdf
town_of_greenback_meeting_of_mayor_and_aldermen_mi.pdf
town_of_greenback_meeting_of_mayor_and_aldermen_mi.pdf
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