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Township invests $200,000 in six‑month CD at 3.90%
Summary
Allegheny Township authorized a $200,000 investment in a six‑month certificate of deposit at S&T Bank yielding 3.90%; the motion carried on July 27, 2026.
On July 27, Allegheny Township supervisors authorized investing $200,000.00 in a six‑month certificate of deposit with S&T Bank at an interest rate of 3.90%. The motion was made by Supervisor Frank Weissert, seconded by Chairman Jamie Morabito, and recorded as carried in the minutes.
The minutes do not specify the account number, maturity date, or whether funds were reallocated from a specific line item in the township budget. The authorization directs township staff to complete the investment transaction per the terms recorded.
