City of Sesser Council Meeting Minutes January 2025
Sesser Invests City Funds with Du Quoin State Bank
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Description
City of Sesser authorized the purchase of four Certificates of Deposit with Du Quoin State Bank, transferring a total of over $765,000 from city accounts for 9-month terms at 4.45%.
Contract Details
Contract Amount
$181,131.30 (CD 1); $325,000.00 (CD 2); $133,893.65 (CD 3); $125,000.00 (CD 4)
Vendor
DU QUOIN STATE BANK
Agency
City of Sesser, IL
Contract Type
FINANCIAL_SERVICES
Document Date
January 16, 2025
Contract Term
9 months per CD
Renewal Date
2025-10-16
Renewal Info
CDs are set for a 9-month term. Renewal or rollover not specified in the minutes.
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