City of Silver Lake Governing Body Meeting Agenda April 20, 2026
City Reinvests Funds with Stockgrowers State Bank
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Description
The City of Silver Lake authorized reinvestment of CD #8 and additional funds, up to $340,000.00, in a 24‑month certificate of deposit with Stockgrowers State Bank at a 3.6% APY. This action consolidates city funds into a single investment vehicle.
Contract Details
Contract Amount
Not to exceed $340,000.00
Vendor
STOCKGROWERS STATE BANK
Agency
Town of Silver Lake, KS
Contract Type
FINANCIAL_SERVICES
Document Date
April 20, 2026
Contract Term
24 months at 3.6% APY
Renewal Date
2028-04-08
Renewal Info
24‑month CD investment; renewal or rollover decisions will be required at maturity.
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