town-of-virden-meeting-minutes-2023-06-22_13f.txt
City Transfers $500,000 CD to Warren-Boynton State Bank
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Description
City of Virden moved a $500,000 certificate of deposit to Warren-Boynton State Bank at a 4.65% rate for a 13-month term. Correction of previously reported CD bank and rate was noted during the June committee meeting.
Contract Details
Contract Amount
$500,000
Vendor
WARREN-BOYNTON STATE BANK
Agency
Town of Virden, IL
Contract Type
FINANCIAL_SERVICES
Document Date
June 22, 2023
Contract Term
13 months
Renewal Date
2024-07-22
Renewal Info
No explicit renewal; term is 13 months and subject to reinvestment or withdrawal upon maturity.
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