City of Meade City Council Minutes 2026-03-09
CD Investment Bid Awarded to Stockgrowers State Bank
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Description
The City of Meade approved Stockgrowers State Bank's bid for four certificates of deposit totaling $2,000,000, with varying terms and interest rates. The renewal terms extend to March 5, 2027. The bid was accepted by council unanimous vote.
Contract Details
Contract Amount
Four CDs of $500,000 each (total $2,000,000); 3.62% at 6 months for CD #23886 and #23887; 3.56% at 12 months for CD #23888 and #23889
Vendor
STOCKGROWERS STATE BANK
Agency
Town of Meade Center, KS
Contract Type
FINANCIAL_SERVICES
Document Date
March 9, 2026
Contract Term
CD #23886 and #23887: 6 months; CD #23888 and #23889: 12 months, Renewal for March 5th of 2027
Renewal Date
2027-03-05
Renewal Info
Renewal term for each CD; future maturities on March 5, 2027.
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