Sherman Township Special Meeting Minutes November 2025
CDARS CDs Redeemed for New Checking at Mercantile Bank
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Description
Sherman Township approved using three maturing CDARS CDs totaling over $469,000 plus interest to open the new General Fund Checking at Mercantile Bank.
Contract Details
Contract Amount
$194,381.18 Fire Ops, $166,068.70 GF & $109,424.41 GF ARPA plus interest accrued
Vendor
MERCANTILE BANK
Agency
Town of Sherman, MI
Contract Type
FINANCIAL_SERVICES
Document Date
November 19, 2025
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