Sherman Township Special Meeting Minutes November 2025
New 26-Week General Fund CDARS Account Opened
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Description
Sherman Township combined three maturing CDs and additional funds to open a new 26-week General Fund CDARS account at 3.49% with Mercantile Bank.
Contract Details
Contract Amount
$86,050.00, $166,080.70, $109,424.41 plus interest accrued plus $100,000.00 from IB GF Checking
Vendor
MERCANTILE BANK
Agency
Town of Sherman, MI
Contract Type
FINANCIAL_SERVICES
Document Date
November 19, 2025
Contract Term
26 weeks at 3.49%
Renewal Date
2026-05-21
Renewal Info
26-week term with fixed interest; maturity date will be 2026-05-21 based on start date 2025-11-19.
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Sherman Township Special Meeting Minutes November 2025
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Sherman Township Meeting Minutes November 2025
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