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FINANCIAL_SERVICESDISCUSSED

Willington Public Library Board of Directors Meeting Agenda May 2026

Library Weighs Renewal of Beacon Bank CD

$59,912.65 (current CD balance as of May 5, 2026)Willington School DistrictBEACON BANKMay 9, 2026

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Derivita logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Description

The Willington Public Library Board will consider whether to renew or close its 6‑month certificate of deposit with Beacon Bank, holding a balance of $59,912.65 as of May 5, 2026. The decision includes options for a 6‑ or 12‑month renewal or transferring the funds to a dedicated account in anticipation of establishing an investment or endowment fund.

Contract Details

Contract Amount

$59,912.65 (current CD balance as of May 5, 2026)

Vendor

BEACON BANK

Agency

Willington School District, CT

Contract Type

FINANCIAL_SERVICES

Document Date

May 9, 2026

Contract Term

6‑month certificate of deposit maturing May 14, 2026; potential renewal for 6 or 12 months

Renewal Date

2026-05-24

Renewal Info

CD matures May 14, 2026 with a 10‑day decision window; Board may renew for an additional 6 or 12 months or close and transfer funds to another account prior to creation of an investment/endowment fund.

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