West Pointe Bank Awarded $125K CD Investment
- Disclosed value
- $125,000 at 5.60%
- From meeting minutes
- Document date
- Dec 4, 2023
The 30-second brief
The district invested $125,000 in a 12‑month certificate of deposit with West Pointe Bank at a 5.60% interest rate through PFM Asset Management. The funds derive from a matured 1st Summit Bank CD.
West Pointe Bank holds this financial services contract with Richland School District. Its other public contracts on record include work for Avoca SD 37 and Mundelein ESD 75.
Term as filed: 12 months from November 28, 2023 maturity of prior CD.
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Contract details
- Contract type
- Financial Services
- Amount
- $125,000 at 5.60%
- Document date
- December 4, 2023
- Term
- 12 months from November 28, 2023 maturity of prior CD
- Vendor
- West Pointe Bank
- Agency
- Richland School District
- Source document
- richland-school-district-meeting-minutes-2023-12-04_1fb.pdf (Meeting Minutes)
West Pointe Bank's other public contracts
More Richland School District contracts
Questions about this contract
Who was awarded the financial services contract by Richland School District?
West Pointe Bank was awarded this financial services contract by Richland School District, as recorded on December 4, 2023. The contract value is $125,000 at 5.60%.
How much is the West Pointe Bank contract with Richland School District worth?
The West Pointe Bank contract with Richland School District is valued at $125,000 at 5.60%, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in richland-school-district-meeting-minutes-2023-12-04_1fb.pdf (Meeting Minutes), dated December 4, 2023 from Richland School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does West Pointe Bank hold?
West Pointe 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 Richland School District currently buying?
Explore Richland School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.