manhattan_elwood_public_library_district_board_min.pdf
Library places $137K reserve in 3-month CD
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Description
The Manhattan-Elwood Public Library District authorized a 3-month certificate of deposit for $137,000 in special reserve funds at Old Plank Trail Bank. The move is part of a broader strategy to use high-yield CD options following prior maturities.
Contract Details
Contract Amount
$137,000
Vendor
OLD PLANK TRAIL BANK
Agency
Manhattan Public Library District, IL
Contract Type
FINANCIAL_SERVICES
Document Date
September 22, 2025
Contract Term
3-month certificate of deposit
Renewal Info
Three-month CD; board may choose to roll over or reallocate funds at maturity.
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