College Places $5.6M Contingency CD at Bank of Grandin

Three Rivers College invested $5.62 million of its contingency funds in a 12‑month certificate of deposit with Bank of Grandin at 4.12% interest. The CD, documented as of June 30, 2026, provides a secure investment vehicle for the college’s reserves.

Document date · August 24, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$5,616,532.71

Contract type

FINANCIAL_SERVICES

Contract term

12 months starting 06/11/2027

Renewal date

2027-06-11

Renewal

CD (contingency fund) transferred to Bank of Grandin for a 12‑month term at 4.12% interest; renewal or reinvestment options are not specified and will be considered at maturity.

Document type

AgendaPacket

Source document

Three Rivers College AgendaPacket Board of Trustees Meeting 2026-08-26

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Three Rivers College?

Bank of Grandin was awarded this financial services contract by Three Rivers College, as recorded on August 24, 2026. The contract value is $5,616,532.71.

How much is the Bank of Grandin contract with Three Rivers College worth?

The Bank of Grandin contract with Three Rivers College is valued at $5,616,532.71, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Three Rivers College AgendaPacket Board of Trustees Meeting 2026-08-26 (AgendaPacket), dated August 24, 2026 from Three Rivers College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of Grandin hold?

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