Metamora Community Consolidated School District No. 1 Board Meeting Agenda Packet May 2026
District invests in new Solera National Bank CD
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Description
The district purchased a new $240,800.00 certificate of deposit from Solera National Bank on April 10, 2026 at a 3.726% rate. The CD will mature on April 9, 2027 as part of the General Fund investment portfolio.
Contract Details
Contract Amount
$240,800.00
Vendor
SOLERA NATIONAL BANK
Agency
Metamora CCSD 1, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 14, 2026
Contract Term
April 10, 2026 – April 9, 2027 (CD-1400922-1)
Renewal Date
2027-04-09
Renewal Info
One-year fixed-term CD scheduled to mature April 9, 2027; renewal or reinvestment will be evaluated at maturity.
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