Northern Inyo Healthcare District Board Meeting Agenda Packet May 2026
CFO Proposes $1.4M Transfer to Five Star Bank
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Description
NIHD’s CFO recommended transferring $1.4 million from a low-yield savings account to Five Star Bank to secure higher interest earnings while maintaining liquidity. The move is part of a broader strategy to optimize the District’s banking and cash management structure.
Contract Details
Contract Amount
$1.4 million transfer from NIHD savings account
Vendor
FIVE STAR BANK
Agency
Northern Inyo Hospital, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Renewal Info
Represents an allocation of deposits to a new or existing account at Five Star Bank; no term or renewal provisions are discussed.
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Northern Inyo Healthcare District Board Meeting Agenda Packet May 2026
Northern Inyo Healthcare District Board Meeting Agenda Packet May 2026
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