City of Chelsea Investment Status Report January 2026
City Considers ICS Account with Chelsea State Bank
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Description
City staff are preparing to meet with Chelsea State Bank to explore opening an Insured Cash Sweep (ICS) account, which would broaden the City's deposit and liquidity management options. The planned discussion could lead to a new insured cash sweep arrangement with the bank.
Contract Details
Vendor
CHELSEA STATE BANK
Agency
Town of Chelsea, OK
Contract Type
FINANCIAL_SERVICES
Document Date
January 26, 2026
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