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Board authorizes staff to move funds to bank offering higher interest

Porter Baron Enterprises Association · February 18, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Porter Baron Enterprises Association gave staff authority to move money-market funds to the bank offering the best interest rate after comparing PNC (about 3.25%) and Horizon Bank (about 3.65%); one board member abstained and asked staff to consider community-supportive banks.

The Porter Baron Enterprises Association voted Feb. 18 to give staff authority to move the organization’s money-market funds to the bank offering the best interest rate.

Chair (S1) said the board’s PNC account was returning roughly 3.25% and…

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