City of Edmond Finance/Audit Committee Regular Meeting Agenda Feb 2026
Prism Bank Manages $20M of City CDARS Investments
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Description
Prism Bank holds $20 million of the City of Edmond’s CDARS deposits as of November 2025, providing insured time deposits with staggered maturities through November 2026.
Contract Details
Contract Amount
$17,000,000.00 (10/31) increasing to $20,000,000.00 (11/30) in CDARS placements
Vendor
PRISM BANK
Agency
City of Edmond, OK
Contract Type
FINANCIAL_SERVICES
Document Date
February 19, 2026
Contract Term
Maturities including December 11, 2025; July 23, 2026; August 20, 2026; and November 5, 2026
Renewal Date
2026-11-05
Renewal Info
CDARS deposits will mature on scheduled dates and may be rolled over or redeemed based on City investment decisions.
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