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District Invests $5M CD with Flagstar Bank

Edina Public School District logoEdina Public School District
Document date
Jan 6, 2025
Term
7/23/2024 – 1/23/2025

The 30-second brief

What it covers

Edina Public Schools invested $5,000,000 of general operating funds in a certificate of deposit with Flagstar Bank, National Association at a 5.06% yield. The CD term runs from July 23, 2024 to January 23, 2025.

Who holds it

Flagstar Bank National Association holds this financial services contract with Edina Public School District. Its other public contracts on record include work for Metamora CCSD 1 and Winnetka SD 36.

What happens next

Term as filed: 7/23/2024 – 1/23/2025.

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Contract details

Contract type
Financial Services
Document date
January 6, 2025
Term
7/23/2024 – 1/23/2025
Vendor
Flagstar Bank National Association
Agency
Edina Public School District
Source document
Edina Public Schools Investment Summary Report January 2025 (Report)

Flagstar Bank National Association's other public contracts

Metamora CCSD 1, IllinoisDistrict Holds $240,700 Flagstar Bank CD · Oct 8, 2026$240.7KWinnetka SD 36, IllinoisSchool District Holds CD With Flagstar Bank · Aug 6, 2026$244.4KGurnee SD 56, IllinoisFlagstar Bank CD Investment for District · May 31, 2026$241KMetamora CCSD 1, IllinoisFlagstar Bank CD added to district investments · May 14, 2026$240.7KGurnee SD 56, IllinoisFlagstar Bank CD Included In Portfolio · Apr 30, 2026$241KAll Flagstar Bank National Association contractsVendor profile

More Edina Public School District contracts

Wold Architects & EngineersWold Architects Named Referendum Facilities Architect · Oct 20, 2026UndisclosedKRAUS-ANDERSONKraus-Anderson Named Construction Manager for Referendum · Oct 20, 2026UndisclosedMORRIS-LEATHERMANMorris-Leatherman Conducts Facilities Referendum Survey · Oct 20, 2026UndisclosedEHLERSEhlers Named Fiscal Consultant for School Referendum · Oct 20, 2026UndisclosedKennedy & Graven CharteredKennedy & Graven Named Bond Counsel for Referendum · Oct 20, 2026UndisclosedAll Edina Public School District activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Edina Public School District?

Flagstar Bank National Association was awarded this financial services contract by Edina Public School District, as recorded on January 6, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in Edina Public Schools Investment Summary Report January 2025 (Report), dated January 6, 2025 from Edina Public School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Flagstar Bank National Association hold?

Flagstar Bank National Association may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Edina Public School District currently buying?

Explore Edina Public School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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