City of McPherson Commission Meeting Minutes April 2026
City Renews $2M in CDs at Peoples Bank & Trust
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Description
The City of McPherson renewed two $1 million 12‑month certificates of deposit at Peoples Bank & Trust at a 3.70% interest rate, with total CDs at the bank reaching $3.5 million as of March 31, 2026. These renewals are part of the City's diversified investment holdings.
Contract Details
Contract Amount
Two (2) $1,000,000 12‑month CDs renewed at 3.70%; total CDs $3,500,000.00
Vendor
PEOPLES BANK & TRUST
Agency
City of McPherson, KS
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
12 months for renewed CDs
Renewal Info
Two existing 12‑month CDs maturing in Q1 2026 were renewed for another 12 months at a 3.70% interest rate.
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