Board Authorizes Closing CD at Assumption Bank
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Description
The Board authorized the Superintendent and Business Manager to close a $450,000 certificate of deposit at First National Bank of Assumption at maturity. This action is part of reallocating district investment funds to other institutions.
Contract Details
Contract Amount
$450,000 CD (to be closed)
Vendor
FIRST NATIONAL BANK OF ASSUMPTION
Agency
Central A & M CUD 21, IL
Contract Type
FINANCIAL_SERVICES
Document Date
December 15, 2025
Renewal Info
CD will be closed at maturity rather than renewed; future reinvestment directed to other banks.
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