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FINANCIAL_SERVICESONGOING

borough_of_north_wales_fiscal_year_2026_budget.pdf

Reserve Fund CD with First Priority Bank/Mid Penn

$274,880.01 principal; estimated interest $2,840.68 at 4.10%Borough of North WalesFIRST PRIORITY BANK/MID PENNJanuary 1, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Description

The Borough’s Reserve Fund includes a $274,880.01 certificate of deposit with First Priority Bank/Mid Penn at 4.10% interest, maturing January 31, 2026. The CD is expected to earn approximately $2,840.68 in interest.

Contract Details

Contract Amount

$274,880.01 principal; estimated interest $2,840.68 at 4.10%

Vendor

FIRST PRIORITY BANK/MID PENN

Agency

Borough of North Wales, PA

Contract Type

FINANCIAL_SERVICES

Document Date

January 1, 2026

Contract Term

January 31, 2025 – January 31, 2026 (365-day CD term)

Renewal Date

2026-01-31

Renewal Info

Upon the 2026-01-31 maturity, the Borough can renew, reinvest, or redeem this CD.

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