Seal Estate Trustees Meeting Agenda January 2026
Nicolet Chosen for 1-Year Trust Fund Investment
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Description
The Seal Estate Trustees approved depositing half of trust funds with Nicolet for one year at a 4.25% interest rate. The other half was allocated to Michigan Class. Action was approved by board vote.
Contract Details
Contract Amount
50% of trust funds at 4.25% interest (amount not specified)
Vendor
NICOLET
Agency
City of Sault Ste. Marie, MI
Contract Type
FINANCIAL_SERVICES
Document Date
January 27, 2026
Contract Term
1 year
Renewal Date
2026-01-24
Renewal Info
No renewal terms specified; investment term is one year.
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