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Board authorizes reinvestment of $1.25 million CD at Arvest Bank
Summary
The board authorized reinvesting Certificate of Deposit #XX0377 ($1,250,000 at 2.42%) at Arvest Bank upon its maturity on May 8, 2026.
The Dewey Public Schools Board of Education authorized reinvesting Certificate of Deposit #XX0377 at Arvest Bank upon its maturity date. The motion, by board member Amanda Nichols and seconded by Julie Davis, specifies the CD principal of $1,250,000 at a 2.42% interest rate maturing on May 8, 2026; recorded Yes votes were Chance Cleveland, Julie Davis and Amanda Nichols.
The action directs the district treasurer or finance office to execute reinvestment upon maturity. The motion text gives the CD number (masked as #XX0377), principal amount and annual interest rate; the board did not specify the new term or alternate investment options in the recorded motion.
