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Council places $150,000 in 12-month CD at PlainsCapital Bank at 3.65%
Summary
Councilmember Kirk Joseph moved to take a $150,000, 12-month Certificate of Deposit at PlainsCapital Bank at a rate of 3.65%; the motion carried 4-0.
The Annetta North Town Council approved a municipal investment on July 8, 2025, directing staff to place $150,000 in a 12‑month Certificate of Deposit at PlainsCapital Bank yielding 3.65% annually. Councilmember Kirk Joseph made the motion; Councilmember Stonie Hamilton seconded and the motion carried 4-0.
The minutes record the amount ($150,000), term (12 months), institution (PlainsCapital Bank), and rate (3.65%). No additional investment policy details, reserve impacts, or maturity disposition instructions were included in the minutes.
