Webster County Treasurer presents FY26 investment policy, selects bank bids and names depositories
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Summary
Treasurer Brenda Angstrom reported four RFP responses and recommended First State Bank for county investments; the board received FY26 investment policies and approved named depositories and limits for the coming year.
Webster County Treasurer Brenda Angstrom told the Board of Supervisors Tuesday that the county sent out requests for proposals for short-term investments and received four responses. Angstrom said First State Bank again offered the county the highest rate at 4.36% (4.43% APY), and she recommended selecting First State for the county’s investments.
The board received and placed on file the county’s investment policies for fiscal year 2026; Angstrom said there were no changes to the policy since 2024. The board also approved Resolution 2025-302 naming the county’s depositories and the maximum deposit amounts for each: First Interstate ($20,000,000), Northwest ($12,000,000), First State ($6,000,000), and Green State ($25,000). Angstrom emphasized these figures are maximum allowable amounts and do not reflect current account balances.
Supervisors approved the items by roll call; Supervisor Hake was absent. No further questions were raised during the presentation. Angstrom recommended Craig Barber be the contact for the selected investments from First State Bank. The actions were recorded as routine fiscal business during the meeting.