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Treasurer renews $3M and $2M certificates of deposit with Liberty State Bank
Summary
Mountrail County Treasurer Jessica Niemitalo won board approval to renew two certificates of deposit—$3 million and $2 million—for 12 months at Liberty State Bank.
Treasurer Jessica Niemitalo presented a recommendation to renew two county certificates of deposit—$3,000,000 and $2,000,000—with Liberty State Bank for 12 months. Commissioner DeGroot moved and Commissioner Rice seconded the renewal; the motion passed on a unanimous roll-call vote.
The action places $5 million of county funds in 12-month deposits with Liberty State Bank; the board recorded the approval in the minutes and no dissent was noted. The county's treasury staff will proceed with the renewals and record the transactions in county accounting.
