oakwood_unit_office_regular_meeting_minutes.pdf
Board Approves Transfer of District Funds to First Farmers Bank
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Description
The board authorized the transfer of district CDs and funds from Longview Bank and Trust to First Farmers Bank, aiming for simplified banking and better interest rates. The transition will occur as funds become available without penalties.
Contract Details
Vendor
FIRST FARMERS BANK
Agency
Oakwood CUSD 76, IL
Contract Type
FINANCIAL_SERVICES
Document Date
October 18, 2023
Contract Term
Ongoing
Renewal Info
Transition dependent on CD maturity dates and penalty-free withdrawal; ongoing relationship once fully transferred.
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