Druid Hills City Commission Meeting Minutes March 9, 2026
City Renews $53K CD With Independence Bank
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Description
The Druid Hills City Commission renewed a certificate of deposit of about $53,000 with Independence Bank for a 5‑month term at 3.5% interest, effective around March 11, 2026. Commissioners chose this option over moving the funds into the City’s savings account.
Contract Details
Contract Amount
about $53,000
Vendor
INDEPENDENCE BANK
Agency
City of Druid Hills, KY
Contract Type
FINANCIAL_SERVICES
Document Date
March 9, 2026
Contract Term
5 months at 3.5% beginning March 11, 2026
Renewal Date
2026-08-11
Renewal Info
Single 5‑month renewal of an existing certificate of deposit at 3.5% interest, maturing around August 11, 2026.
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