Village of Rosemont Meeting Minutes October 2025
Village Approves $130K CD Investment with Middletown Valley Bank
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Description
Rosemont plans to invest $130,000 with Middletown Valley Bank in a 25-month certificate of deposit at 3.51% APY, as part of revised fund management strategy.
Contract Details
Contract Amount
$130,000 (planned investment)
Vendor
MIDDLETOWN VALLEY BANK
Agency
Rosemont village, MD
Contract Type
FINANCIAL_SERVICES
Document Date
October 20, 2025
Contract Term
Planned: ~25 months at 3.51% (to be selected upon October 2025 PNC CD maturity)
Renewal Info
CD purchase is to follow maturity of existing PNC CD, per new Financial Policy.
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