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Board approves rolling over maturing CDs at Peoples National Bank
Summary
Trustees voted 5-0 to roll over General, Cemetery and TIF fund CDs maturing Jan. 25, 2026, including accrued interest, into a nine-month special-rate CD at Peoples National Bank.
The Village Board agreed on Jan. 13 to roll over several maturing certificates of deposit into a nine-month special-rate account at Peoples National Bank.
Trustees discussed CDs from the General, Cemetery and TIF funds that mature Jan. 25, 2026; Trustee Taylor moved and Trustee Adams seconded a motion "to approve rolling over the current CD amounts including the accrued interest in a Peoples National Bank 9 month special rate CD." The roll call was AYES: Adams, Corwin, DeVoss, Price, Taylor; ABSENT: Barry. Motion carried 5-0.
The transcript does not list the dollar amounts of the CDs, nor the expected interest rate on the new nine-month product; trustees only approved rolling over principal and accrued interest into the bank's special-rate CD.
