Board Reinvests $250K CD with Tremont Bank
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Description
The Lincoln Park District Board authorized reinvestment of $250,000 into a new 7‑month certificate of deposit at Tremont Bank when the current CD matures on March 13, 2026. The Board also directed that the accrued interest be used to offset FY 2024 audit expenses.
Contract Details
Contract Amount
$250,000.00
Vendor
TREMONT BANK
Agency
Lincoln Park District, IL
Contract Type
FINANCIAL_SERVICES
Document Date
March 11, 2026
Contract Term
7-month Certificate of Deposit starting March 13, 2026
Renewal Date
2026-10-13
Renewal Info
Existing certificate of deposit at Tremont Bank maturing March 13, 2026 will be rolled into a new 7‑month CD for $250,000.
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Lincoln Park District Agenda March 2026
Lincoln Park District Board Meeting Minutes March 2026
Lincoln Park District Board Meeting Minutes March 2026
Lincoln Park District Board Meeting Minutes March 2026
Lincoln Park District Board Meeting Minutes March 2026
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