Town of Silver Lake Council Meeting Minutes April 2026
Council Invests City Funds with Stockgrowers State Bank
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Description
The Silver Lake City Council approved investing up to $340,000.00, combining CD #8 and Money Market funds, in a 24‑month certificate of deposit at 3.6% APY with Stockgrowers State Bank. The investment authorization was adopted unanimously.
Contract Details
Contract Amount
Not to exceed $340,000.00
Vendor
STOCKGROWERS STATE BANK
Agency
Town of Silver Lake, KS
Contract Type
FINANCIAL_SERVICES
Document Date
April 6, 2026
Contract Term
24 months at an APY of 3.6%
Renewal Info
CD reinvestment approved for a 24‑month term; renewal or rollover options at maturity are not specified in the minutes.
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