Lowry City Board of Aldermen Council Meeting Minutes April 2026
City Renews Cemetery CDs With Local Bank
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Description
Lowry City renewed two 12‑month cemetery perpetual care certificates of deposit with St. Clair County State Bank at a 3.94% interest rate. The board unanimously approved the renewal at the higher rate compared with the bank’s posted rate.
Contract Details
Vendor
ST. CLAIR COUNTY STATE BANK
Agency
City of Lowry, MO
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
12-month term, renewing at 3.94% interest, maturing May 5 annually
Renewal Date
2027-05-05
Renewal Info
Two 12‑month CDs, each valued at $174,551.98, were renewed at a 3.94% annual interest rate with maturity on May 5. Future renewals will likely be considered upon each annual maturity date.
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