Springfield Public Library Agenda September 2025
Board Approves $100,000 CD with F & M Bank
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Description
The Springfield Public Library approved a new $100,000 certificate of deposit with F & M Bank at 3.5% interest, maturing February 12, 2026. This follows the maturity and reinvestment of the previous Altermatt CD.
Contract Details
Contract Amount
$100,000.00
Vendor
F & M BANK
Agency
City of Springfield, MN
Contract Type
FINANCIAL_SERVICES
Document Date
September 10, 2025
Contract Term
Matures on 02/12/2026
Renewal Date
2026-02-12
Renewal Info
Renewal upon maturity; prior CD matured and new one opened.
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