Village of Walbridge Council Meeting Minutes April 2026
Walbridge Renews $519K CDARS Investment With State Bank
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Description
The Village of Walbridge Council approved renewing $519,046.80 of village funds into a 6-month CDARS certificate of deposit at State Bank at an interest rate of 3.5%. The investment renewal was endorsed by the Mayor and Fiscal Officer and passed with unanimous council support.
Contract Details
Contract Amount
$519,046.80 at 3.5% for 6 months
Vendor
STATE BANK
Agency
Walbridge village, OH
Contract Type
FINANCIAL_SERVICES
Document Date
April 1, 2026
Contract Term
6-month CDARS CD beginning April 2026 (exact start date not specified)
Renewal Info
This action renews an existing CDARS CD for another 6‑month term at 3.5%; future renewals will require subsequent council approval.
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