Village of Kings Point Minutes Board of Trustees Meeting 2026-05-12
Village Shifts Funds from JP Morgan Chase to NY CLASS
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Description
The Board authorized transferring Village monies from JP Morgan Chase bank Infrastructure and Enhancement Funds into the New York CLASS General Fund to secure higher interest earnings. The mayor will approve the exact transfer amounts.
Contract Details
Vendor
JP MORGAN CHASE BANK
Agency
Village of Kings Point, NY
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Renewal Info
Existing banking arrangement continues but with reduced balances due to reallocation to another investment vehicle.
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