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District CD Investment with Cathay Bank

Milford Exempted Village Schools logoMilford Exempted Village Schools
Disclosed value
$250,000.00 face amount
From report
Document date
Feb 28, 2021

The 30-second brief

What it covers

Milford Schools holds a $250,000 certificate of deposit with Cathay Bank via Fifth Third, earning 0.95% interest from March 18, 2020 to its March 18, 2021 maturity. The CD contributes to the district’s laddered deposit strategy.

Who holds it

Cathay Bank holds this financial services contract with Milford Exempted Village Schools. Its other public contracts on record include work for Palisades Charter High District and San Bernardino County.

What happens next

Term as filed: Purchase date 3/18/2020, maturity 3/18/2021.

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Contract details

Contract type
Financial Services
Amount
$250,000.00 face amount
Document date
February 28, 2021
Term
Purchase date 3/18/2020, maturity 3/18/2021
Vendor
Cathay Bank
Agency
Milford Exempted Village Schools
Source document
milford-exempted-village-schools-report-2021-02-28_da9.pdf (Report)

Cathay Bank's other public contracts

Palisades Charter High District, CaliforniaCathay Bank Not Selected for Investment Accounts · Oct 19, 2026UndisclosedPalisades Charter High District, CaliforniaCathay Bank Proposes CDARS Investment Account · May 22, 2026UndisclosedPalisades Charter High District, CaliforniaFund Balance Investments Shifted To Cathay Bank · Apr 20, 2026UndisclosedSan Bernardino County, CaliforniaCounty selects Cathay Bank for bridge project escrow · Apr 7, 2026UndisclosedSan Bernardino County, CaliforniaCathay Bank to hold escrow for bridge retention funds · Apr 7, 2026UndisclosedAll Cathay Bank contractsVendor profile

More Milford Exempted Village Schools contracts

Cullen ElectricCullen Electric Athletic Agreement Recommended · Oct 15, 2026$1.7KMontgomery County EscFiscal Support Contract Recommended for Montgomery County ESC · Oct 15, 2026$2KBEACON/ORTHOALLIANCEBeacon OrthoAlliance Sponsorship Agreement Recommended · Oct 15, 2026$50KHopskipdrive IncStudent Transportation Vendor Approval Recommended · Oct 15, 2026UndisclosedPerry WeatherPerry Weather Vendor Approval Recommended · Oct 15, 2026UndisclosedAll Milford Exempted Village Schools activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Milford Exempted Village Schools?

Cathay Bank was awarded this financial services contract by Milford Exempted Village Schools, as recorded on February 28, 2021. The contract value is $250,000.00 face amount.

How much is the Cathay Bank contract with Milford Exempted Village Schools worth?

The Cathay Bank contract with Milford Exempted Village Schools is valued at $250,000.00 face amount, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in milford-exempted-village-schools-report-2021-02-28_da9.pdf (Report), dated February 28, 2021 from Milford Exempted Village Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Cathay Bank hold?

Cathay Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Milford Exempted Village Schools currently buying?

Explore Milford Exempted Village Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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