Granite City Community Unit School District #9 AgendaPacket Board Meeting 2026-06-23
Trust Agreement for Summer Payroll with Busey Bank
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Description
Granite City CUSD #9 approved a trust agreement with Busey Bank to handle summer direct deposit payrolls totaling $3,171,301.11 for annualized staff, with a $800 service fee.
Contract Details
Contract Amount
$3,171,301.11 (trust deposit); $800 fee
Vendor
BUSEY BANK
Agency
Granite City CUSD 9, IL
Contract Type
FINANCIAL_SERVICES
Document Date
June 20, 2026
Contract Term
June 30, 2026 – July 30, 2026 (three paydates)
Renewal Date
2026-07-30
Renewal Info
One-time trust for summer 2026 payroll cycle; agreement terminates after last scheduled payment.
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