Irvington Renews Certificates of Deposit with Bank

The Town of Irvington Town Council approved Resolution 2026-27 renewing three certificates of deposit with Chesapeake Bank under their existing 13‑month and 182‑day terms. The Town Clerk is authorized to complete all documentation and actions required for the CD renewals. These investments continue the Town’s established financial management and cash investment practices.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Certificate of Deposit No. 7737 – 13-month term; Certificate of Deposit No. 0013 – 13-month term; Certificate of Deposit No. 7881 – 182-day term

Renewal

Certificates of Deposit Nos. 7737 and 0013 are renewed for 13-month terms, and Certificate of Deposit No. 7881 is renewed for a 182-day term under existing conditions. Future renewals would require subsequent council authorization or follow bank policies; no automatic renewal language is specified in the resolution.

Document type

Resolution

Source document

Town of Irvington Resolution Authorizing the Renewal of Certificates of Deposit Held with Chesapeake Bank 2026-08-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Irvington?

Chesapeake Bank was awarded this financial services contract by Town of Irvington, as recorded on August 13, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Irvington Resolution Authorizing the Renewal of Certificates of Deposit Held with Chesapeake Bank 2026-08-13 (Resolution), dated August 13, 2026 from Town of Irvington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Chesapeake Bank hold?

Chesapeake 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.

View Chesapeake Bank's profile

What is Town of Irvington currently buying?

Explore Town of Irvington's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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Irvington Renews Certificates of Deposit with Bank

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by Town of Irvington?

What type of contract is this?

Where was this contract approved?

What other contracts does Chesapeake Bank hold?

What is Town of Irvington currently buying?

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