District Renews $500K CD with Community Bank
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Description
The Board renewed a $500,000 certificate of deposit with Community Bank and directed excess funds in the account be moved to California CLASS. This maintains the District’s investment position while reallocating surplus cash to a pooled investment program.
Contract Details
Contract Amount
$500,000
Vendor
COMMUNITY BANK
Agency
Santa Maria Valley Water Conservation District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 21, 2026
Renewal Info
Renewal of existing certificate of deposit at Community Bank; specific maturity date and rate not stated in the minutes, but the CD was noted as maturing soon.
More from COMMUNITY BANK
Issuing Agency
Utility District
Santa Maria, CA
More from Santa Maria Valley Water Conservation District
Santa Maria Valley Water Conservation District Agenda Regular Meeting 2026-06-18
Santa Maria Valley Water Conservation District AgendaPacket Regular Meeting 2026-06-18
Santa Maria Valley Water Conservation District AgendaPacket Regular Meeting 2026-06-18
Santa Maria Valley Water Conservation District AgendaPacket Regular Meeting 2026-06-18
Santa Maria Valley Water Conservation District AgendaPacket Regular Meeting 2026-06-18
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