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Trustees approve moving maturing CD to 1st National at 3.80% for 24 months
Summary
Trustee Jason Becherer moved to transfer a maturing certificate of deposit from Citizens to 1st National at 3.80% for 24 months; trustees approved the move by roll call. Becherer cited newly released rates as the reason for the recommendation.
The board voted to move a maturing certificate of deposit to 1st National Bank at a rate of 3.80% for a 24‑month term after Trustee Jason Becherer reported that new rates were released that day. Becherer recommended shifting the CD from Citizens to 1st National to secure the higher yield.
"to approve moving the CD to 1st National at 3.80% for 24 months," Trustee Becherer moved; Trustee Charlie Rogers seconded and the motion carried by roll call with all trustees voting yes. The minutes do not list the dollar amount of the CD or any related restrictions.
