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Five Star Bank presents public money market/ICS option to Castroville board
Summary
Five Star Bank representative Reagon Ballo briefed the Castroville board on a Public Money Market Account/IntraFi Cash Service that matches the monthly LAIF rate and highlighted Five Star's experience serving special districts across California.
Five Star Bank presented an overview of a Public Money Market Account/IntraFi Cash Service (ICS) to the Castroville Community Services District board on May 19. Reagon Ballo, Senior Vice President/Managing Director of Government Banking, said the account matches the most recently published monthly rate at the Local Agency Investment Fund (LAIF) and described Five Star Bank’s experience serving special districts across the state.
Ballo answered board questions about the account structure and availability and expressed interest in developing a banking partnership with the district. The board accepted the presentation; no action or contract award related to bank services was recorded during the meeting.
