Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the County Finance topic
No spam. Unsubscribe anytime.
Treasurer renews nearly $39 million in county certificates of deposit
Summary
Treasurer Jessica Niemitalo presented and the board approved renewal of county CDs: five $5 million, one $10 million, and one for $3,821,552.87 across Bravera Bank and Cornerstone Bank at six‑month terms.
Mountrail County Treasurer Jessica Niemitalo told the board that the county holds multiple large certificates of deposit and recommended renewal at six‑month terms. The board approved renewals: two $5 million CDs with Bravera Bank (six months), and three $5 million CDs, one $10 million CD and one CD for $3,821,552.87 with Cornerstone Bank (six months). The motion carried unanimously.
The renewals cover total principal of approximately $38,821,552.87. The Treasurer said the choices reflect current bank offers for short‑term deposits; commissioners did not request further changes and recorded their approval in the minutes.
