Wakefield Township Board Meeting Minutes February 2026
CD Investment Approved with Falcon Bank
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Description
Wakefield Township authorized reinvesting a $220,000 certificate of deposit in a six-month CD at 3.85% interest with Falcon Bank in Richmond, Minnesota.
Contract Details
Contract Amount
$220,000
Vendor
FALCON BANK
Agency
Town of Wakefield, MN
Contract Type
FINANCIAL_SERVICES
Document Date
February 5, 2026
Contract Term
Six months (3.85% CD)
Renewal Date
2026-08-05
Renewal Info
Term CD, matures six months from investment date; subject to renewal.
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