Mitchellville Water District Board Meeting Minutes Oct 2025
Board Approves Moving District CDs to Banterra
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Description
Mitchellville Water District authorized the transfer of its certificates of deposit to Banterra, selecting the bank as its CD depository based on improved insurance coverage and a higher 4.24% interest rate. The motion passed unanimously.
Contract Details
Vendor
BANTERRA
Agency
Mitchellville Water Service District, IL
Contract Type
FINANCIAL_SERVICES
Document Date
October 21, 2025
Renewal Info
Future CD renewals and terms will be managed through Banterra under its treasury management and insured cash sweep program, subject to board direction at maturity dates.
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