FINANCIAL_SERVICESPENDING

City to consider CD investment with Tremont First National

The City of Lincoln is considering placing an eleven-month, $1 million Certificate of Deposit with Tremont First Nat'l. Bank at 3.50%, using a portion of Fifth Street Road Project bond proceeds. This forms part of a diversified CD investment plan capped at $7 million.

Status
PENDING
Document date
August 3, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Tremont First National Bank
Agency
Town of Lincoln · IL

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$1,000,000.00 eleven-month CD at 3.50%
Contract type
FINANCIAL_SERVICES
Contract term
Eleven-month Certificate of Deposit, term not to exceed twelve months
Renewal
Single eleven-month CD with no stated auto-renewal terms in the agenda.
Document type
AgendaPacket
Source document
City of Lincoln AgendaPacket Regular City Council Meeting 2026-08-03

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Lincoln?

Tremont First National Bank was awarded this financial services contract by Town of Lincoln, as recorded on August 3, 2026. The contract value is $1,000,000.00 eleven-month CD at 3.50%.

How much is the Tremont First National Bank contract with Town of Lincoln worth?

The Tremont First National Bank contract with Town of Lincoln is valued at $1,000,000.00 eleven-month CD at 3.50%, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Lincoln AgendaPacket Regular City Council Meeting 2026-08-03 (AgendaPacket), dated August 3, 2026 from Town of Lincoln. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Tremont First National Bank hold?

Tremont First National 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.

View Tremont First National Bank's profile

What is Town of Lincoln currently buying?

Explore Town of Lincoln's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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