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Dewey board approves reinvestment of $1.25 million certificates of deposit at Arvest Bank
Summary
The board authorized reinvestment of $1,250,000.00 in certificates of deposit at Arvest Bank upon their Nov. 8, 2025 maturity, noting a 3.44% annual percentage yield; the motion passed unanimously.
Dewey Public Schools' board voted unanimously on Nov. 3, 2025, to reinvest $1,250,000.00 in certificates of deposit at Arvest Bank when they mature on Nov. 8, 2025.
Board member David Cleveland moved "to: Re-Invest current Certificates of Deposit at Arvest Bank upon November 8, 2025 maturity date. ($1,250,000.00 at Arvest Bank with 3.44% annual percentage yield.)" Emily Case seconded the motion, and the five board members recorded yes votes.
The board did not record alternative investment instructions or amendments in the segments provided. The action places district funds back into bank CDs at the stated rate pending standard business-office procedures.
