Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Aberdeen board authorizes up to $3 million placement with First National Bank at 5.35%
Aberdeen Town Board · August 13, 2024
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
The Aberdeen Town Board authorized staff to place up to $3 million with First National Bank’s program offering a six-month fixed/withdrawable product at 5.35% and to allow either the town manager or finance director to sign required documents; staff noted collateralization requirements under General Statute 159-31.
Aberdeen — The Aberdeen Town Board on Aug. 12 authorized staff to move up to $3 million of town funds to First National Bank’s program and allowed either the town manager or finance director to sign the legal documents.
Staff said the bank’s…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
