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FINANCIAL_SERVICESRENEWED

Santa Maria Valley Water Conservation District AgendaPacket Regular Meeting 2026-05-21

District Renews $500K CD with Community Bank

$500,000Santa Maria Valley Water Conservation DistrictCOMMUNITY BANKMay 21, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

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.

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