Treasurer plans transfer of funds from Richwood Bank
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Description
Logan County Treasurer reported plans to transfer $2.8 million in county funds from Richwood Bank to US Bank to secure higher interest rates. The board discussed the planned movement of funds but took no formal action at this meeting.
Contract Details
Contract Amount
$2.8 million (planned transfer amount)
Vendor
RICHWOOD BANK
Agency
Town of Bokescreek, OH
Contract Type
FINANCIAL_SERVICES
Document Date
October 21, 2025
Renewal Info
Existing depository relationship; potential reduction in balances as funds are shifted to US Bank.
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