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City of Mount Vernon Awards $1,435,000 Loan Contract to Banterra Bank (May 2024)

City of Mount Vernon logoCity of Mount Vernon
Disclosed value
$1,435,000
From meeting minutes
Approved
May 20, 2024
Term
7 years

The 30-second brief

What it covers

Banterra Bank awarded $1.435 million loan for Downtown Park financing with a competitive rate of 5.53% and no additional fees. The seven-year loan aims to support the development and improvement of the Downtown Park, enhancing community spaces and recreational facilities.

Who holds it

Banterra Bank holds this loan contract with City of Mount Vernon. Its other public contracts on record include work for City of Carbondale city and City of Christopher.

What happens next

Term as filed: 7 years.

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Contract details

Contract type
Loan
Amount
$1,435,000
Document date
May 20, 2024
Term
7 years
Vendor
Banterra Bank
Agency
City of Mount Vernon
Source document
city-of-mount-vernon-meeting-minutes-2024-05-20_523.pdf (Meeting Minutes)

Banterra Bank's other public contracts

City of Carbondale city, IllinoisCarbondale Makes Banterra Dump Truck Payment · Oct 13, 2026$4.4KCity of Christopher, IllinoisChristopher Considers Gov 311 App Sponsorship · Oct 12, 2026$750Hamilton Co CUSD 10, IllinoisDistrict Considers Renewing CDARS Deposit with Banterra · Sep 15, 2026UndisclosedCity of Carbondale city, IllinoisCarbondale Pays Banterra on Dump Truck Financing · Sep 8, 2026$4.4KHerrin CUSD 4, IllinoisDistrict Designates Banterra Bank as Depository · Aug 25, 2026UndisclosedAll Banterra Bank contractsVendor profile

More City of Mount Vernon contracts

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Questions about this contract

Who was awarded the loan contract by City of Mount Vernon?

Banterra Bank was awarded this loan contract by City of Mount Vernon, as recorded on May 20, 2024. The contract value is $1,435,000.

How much is the Banterra Bank contract with City of Mount Vernon worth?

The Banterra Bank contract with City of Mount Vernon is valued at $1,435,000, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-mount-vernon-meeting-minutes-2024-05-20_523.pdf (Meeting Minutes), dated May 20, 2024 from City of Mount Vernon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Banterra Bank hold?

Banterra Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Mount Vernon currently buying?

Explore City of Mount Vernon's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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