Board Authorizes $12M Transfer from First Merchant's

The East Chicago Waterway Management District authorized First Merchant's to transfer $12 million of district funds to BMO Harris Bank for investment, while retaining additional balances at First Merchant's for operational needs. This action modifies the district’s existing banking relationship with First Merchant's.

Scope & details

The full contract record, as filed.

Contract amount

$12,000,000 transfer out

Contract type

FINANCIAL_SERVICES

Renewal

Existing depository relationship with First Merchant's continues for operating and contingency funds; investment portion is reduced by $12 million through this authorized transfer.

Document type

Transcript

Source document

East Chicago Waterway Management District Transcript Special Public Meeting 2025-05-22

Related contracts

Other contracts from First Merchant's.

View all →

East Chicago Water Management District Transcript of Proceedings 2026-04-16

ONGOING

East Chicago Waterway Management District, IndianaApr 16, 2026

town-of-flat-rock-meeting-minutes-2024-04-04_df4.pdf

APPROVED

Town of Flat Rock, Indiana$184.47Apr 4, 2024

town-of-flat-rock-meeting-minutes-2024-03-07_3ea.pdf

APPROVED

Town of Flat Rock, Indiana$152.92Mar 7, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by East Chicago Waterway Management District?

First Merchant's was awarded this financial services contract by East Chicago Waterway Management District, as recorded on May 22, 2025. The contract value is $12,000,000 transfer out.

How much is the First Merchant's contract with East Chicago Waterway Management District worth?

The First Merchant's contract with East Chicago Waterway Management District is valued at $12,000,000 transfer out, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in East Chicago Waterway Management District Transcript Special Public Meeting 2025-05-22 (Transcript), dated May 22, 2025 from East Chicago Waterway Management District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Merchant's hold?

First Merchant's 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 First Merchant's's profile

What is East Chicago Waterway Management District currently buying?

Explore East Chicago Waterway Management District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View East Chicago Waterway Management District's profile