LaHarpe CSD #347 Board of Education Meeting Minutes December 2025
$3.9 Million CDAR Approved with Fortress Bank
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Description
The LaHarpe CSD #347 Board approved opening a 13 week CDAR with Fortress Bank and depositing $3.9 million. The decision was made by unanimous vote to manage district funds with this financial product.
Contract Details
Contract Amount
$3.9 million
Vendor
FORTRESS BANK
Agency
La Harpe CSD 347, IL
Contract Type
FINANCIAL_SERVICES
Document Date
December 22, 2025
Contract Term
13 weeks
Renewal Date
2026-03-23
Renewal Info
Term is 13 weeks with potential for renewal based on board action, but no auto-renewal specified in the minutes.
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