Town of Hugo Minutes 2026-05-11
Town opens new CDs at Stockmens Bank
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Description
The Hugo Board of Trustees approved opening new six‑month CDs for the Water, Cemetery, and Sales Tax funds at Stockmens Bank. This action expands the Town’s banking relationships and investment placements.
Contract Details
Vendor
STOCKMENS BANK
Agency
Town of Hugo, CO
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
six months
Renewal Info
Initial six-month CDs opened at Stockmens Bank for Water, Cemetery, and Sales Tax funds; any renewal or rollover will require subsequent Board direction.
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