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Sheffield trustees approve rolling over several maturing CDs at Peoples National Bank
Summary
Trustees voted to roll three maturing CDs—Railroad Money $185,750.93, ARPA $126,486.11, General Fund $180,939.01—into 182-day CDs and separately rolled over a TIF CD of $107,701.79; some rollovers recorded a trustee abstention.
The board approved rolling over three maturing certificates of deposit at Peoples National Bank: Railroad Money $185,750.93, ARPA $126,486.11 and General Fund $180,939.01. Trustee Pratt moved, Adams seconded, to roll these CDs (including accrued interest) into 182-day CDs; roll call recorded ayes from Adams, Corwin, DeVoss, Pratt, Price and Yepsen and the motion carried 6-0.
Separately, the TIF CD of $107,701.79 was approved for rollover (DeVoss moved, Price seconded) into a 182-day CD; the vote carried with Trustee Pratt recorded as abstaining. The board noted the action included current CD interest in the rollover amounts.
