City of Henry Council Meeting Minutes February 2026
City Invests $500,000 in CDs at MidAmerica Bank
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Description
The City of Henry Council voted to open three certificates of deposit totaling $500,000 with MidAmerica Bank, allocating funds from the General, Water, and Sewer accounts. The decision follows a rate comparison showing MidAmerica’s higher CD yields.
Contract Details
Contract Amount
$500,000
Vendor
MIDAMERICA BANK
Agency
Town of Henry, IL
Contract Type
FINANCIAL_SERVICES
Document Date
February 16, 2026
Renewal Info
CDs will follow MidAmerica Bank’s standard terms and may be rolled over or redeemed at maturity per future council direction; specific maturities not stated.
More from MIDAMERICA BANK
Related Contracts
Village of Wardsville Board of Trustees Meeting Minutes March 2026
ONGOINGHenry City Council Meeting Agenda February 2026
PENDINGvillage_of_wardsville_board_of_trustees_meeting_mi.pdf
ONGOINGvillage_of_wardsville_board_of_trustees_meeting_mi.pdf
ONGOINGvillage_of_wardsville_meeting_minutes_september_03.pdf
NAMore from Town of Henry
City of Henry Council Special Meeting Minutes 2026-05-04
City of Henry Council Special Meeting Minutes 2026-05-04
City of Henry Council Minutes 2026-04-20
City of Henry Council Minutes 2026-04-20
City of Henry Council Minutes 2026-04-20
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