Aram Public Library Board of Trustees Agenda Packet 2026-06-18
Library CD Renewed with Old National Bank
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Description
Aram Library Board's certificate of deposit at Old National Bank was renewed for 5 months at 3.75% APR, with a total principal and interest of $53,311.67.
Contract Details
Contract Amount
$53,311.67 (principal + YTD interest on 5 mo CD)
Vendor
OLD NATIONAL BANK
Agency
City of Delavan, MN
Contract Type
FINANCIAL_SERVICES
Document Date
June 18, 2026
Contract Term
5 months, maturing 8-21-2026
Renewal Date
2026-08-21
Renewal Info
Renewal term is 5 months; interest compounded monthly; next maturity 2026-08-21.
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