Monroe Fire Protection District Board of Trustees Meeting Agenda Packet 2026-05-13
District Invests $1.5M in CDs at Peoples State Bank
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Description
The Monroe Fire Protection District Board approved investing $1.5 million of Rainy-Day funds into three 12‑month CDs with Peoples State Bank. Officials confirmed PDIF coverage for balances above FDIC limits and plan to consider additional shorter-term CDs after the next settlement.
Contract Details
Contract Amount
$1,500,000
Vendor
PEOPLES STATE BANK
Agency
Monroe Fire Protection District, IN
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Contract Term
Three 12-month CDs
Renewal Info
CDs have 12‑month terms; board may reinvest or adjust strategy after maturity and future settlements.
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