Stillwater Public Library Trust Board Meeting AgendaPacket May 2026
Trust Reinvests CD Proceeds with Exchange Bank
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Description
The Stillwater Public Library Trust Board authorized reinvestment of matured CD proceeds into three new Exchange Bank certificates of deposit with 13‑, 24‑, and 36‑month terms. The allocation splits the funds equally among the CDs contingent on no special meeting before April 24, 2026.
Contract Details
Vendor
EXCHANGE BANK
Agency
City of Stillwater, OK
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Contract Term
13-month add-on CD, 24-month CD, and 36-month CD beginning after April 24, 2026 maturity
Renewal Info
New CD investments authorized to replace a maturing CD, creating 13‑, 24‑, and 36‑month terms at Exchange Bank; future rollovers would require new board action.
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