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Virginia Gas and Oil Board reviews escrow trust report, approves $1 million 12-month CD purchase
Summary
The board reviewed the FirstBank & Trust escrow report for the first quarter of 2025, heard account balances and outstanding-check plans, and voted to place $1,000,000 into a 12-month certificate of deposit when current CDs mature in August.
The Virginia Gas and Oil Board on April 15 received its quarterly escrow and trust report from staff and approved moving $1,000,000 from existing funds into a 12-month certificate of deposit when the board’s brokered certificates mature in August 2025.
Board Treasurer (staff) presented the March 2025 account summary, reporting a beginning balance of $4,994,039.19, deposits of…
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