Lewistown City Council Meeting Minutes February 24 2026
City Moves Certificate of Deposit to Ipava State Bank
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Description
The Lewistown City Council approved transferring its Certificate of Deposit from Prairie State Bank to Ipava State Bank for a 24‑month term at a 3.8% interest rate. The Treasurer, Clerk, and Mayor were authorized to complete the transaction.
Contract Details
Vendor
IPAVA STATE BANK
Agency
City of Lewistown, IL
Contract Type
FINANCIAL_SERVICES
Document Date
February 24, 2026
Contract Term
24 months at 3.8%
Renewal Info
Fixed 24‑month certificate of deposit term at 3.8% interest; renewal or rollover terms not specified and will need council action upon maturity.
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