CDARS funds moved to shadow savings
Hill County Water DistrictMontana- Detected
- Sep 2, 2026
- 66 days ago
- Sector
- Administration & Finance
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From the meeting
At its September 2, 2026 meeting, the Board said money had been moved from Independence Bank to a 1st Bank shadow savings account that will function like a CD account. The stated reason was FDIC insurance protection for the balance, while the Board also discussed keeping some CDARS funds with Independence Bank. This is treasury administration, but the named banks show where deposit management decisions are being made.
- Meeting date
- September 2, 2026
- Agency
- Hill County Water District
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