City of Sedan Council Meeting Minutes April 2026
City Awards CD Investments to Bank of Sedan
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Description
The Sedan City Council awarded its seven maturing certificates of deposit to Bank of Sedan at a 4.25% 12‑month rate, including transferring three CDs from Elevate Bank. The move consolidates city investments at Bank of Sedan for the upcoming year.
Contract Details
Vendor
BANK OF SEDAN
Agency
Sedan City Hospital, KS
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
12 months for 7 maturing city CDs starting May 2026
Renewal Date
2027-05-31
Renewal Info
CDs placed for a 12‑month term at 4.25% interest; new bids or renewal decisions will be required upon maturity in May 2027.
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