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Board approves Citizens National Bank depository bid for reserve certificates of deposit at 4.2%
2625345 · March 4, 2025
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Summary
After questions about term and additional deposits, the board voted to award municipal depository business for reserve and surplus funds to Citizens National Bank of Meridian at an offered rate of 4.2 percent for one-year certificates of deposit.
The Olive Branch Board of Aldermen voted to accept the highest and best bid for municipal depository services for reserve and surplus funds, awarding business to Citizens National Bank of Meridian at an offered rate of 4.2 percent for one‑year certificates of deposit.
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