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Board approves renewal of CD 88088 at Illini State Bank at 4.25%
Summary
The board approved renewing Certificate of Deposit 88088 at Illini State Bank at an interest rate of 4.25% following a recommendation from Superintendent Bob Ketcham; the motion passed unanimously among members present.
Superintendent Bob Ketcham recommended renewing Certificate of Deposit 88088, which is coming due in February, at Illini State Bank at a rate of 4.25%. Board Member Lawless moved to renew the CD and Board Member Cooper seconded the motion.
The motion to renew CD 88088 at Illini State Bank at 4.25% passed on roll call with five Yeas and no Nays. The renewal was recorded as an action item and will be executed when the CD matures in February.
