Muri: Bond sale compliment to board and community [Yahoo! Finance]
COMMUTY BANCORP VT (CMTV)
NASDAQ:AMEX Investor Relations:
communitynationalbank.com/community-bancorp
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Source: Yahoo! Finance
The three proposition bond was $436,109,000, but only one proposition for $424 million passed. With interest rates being lower than projected at 3.77 percent instead of 3.84 percent, Superintendent Scott Muri said in his media call Wednesday that it will save $2.9 million in interest over the life of the bond. Community National Bank bought $3 million worth of bonds Tuesday morning, Muri said at the May 14 ECISD board workshop. Muri said the bonds sold are a compliment to the board of trustees and the decisions they have made as good financial stewards and community members who approved the bond. "All of those decisions set the course for a very healthy opportunity for ECISD in the bond market," Muri said. "It was an exciting day for the community. We'll be doing that again in the month of June." Last Friday, 353 ECISD teachers earned the Teacher Incentive Allotment. "These teachers together earned right at $3.1 million. We had an exciting day delivering really large chec
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