Morris Area Public Library Board of Trustees Meeting Minutes 12/23/2025
Library Orders Corrections to Grundy Bank Accounts
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Description
The Morris Area Public Library Board discussed its banking relationship with Grundy Bank after learning certain accounts exceed FDIC limits and lack collateralization. The Board authorized the Interim Director to take corrective actions to align these accounts with the Library's Investment of Public Funds Policy.
Contract Details
Vendor
GRUNDY BANK
Agency
Morris Area Public Library District, IL
Contract Type
FINANCIAL_SERVICES
Document Date
December 23, 2025
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