FINANCIAL_SERVICESAPPROVED

City of Sesser Awards Financial Services Contract to Du Quoin State Bank (January 2025)

Four CDs totaling over $760,000 will be purchased from Du Quoin State Bank with city reserve and trust funds for 9 months at 4.45%.

Status
APPROVED
Document date
January 16, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Du Quoin State Bank
Agency
City of Sesser · IL

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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
Sewer Debt Service Reserve: $181,131.30 (9-mo CD), Sewer Bond Reserve: $325,000.00 (9-mo CD), Maple Hill Trust: $133,893.65 (9-mo CD), Water Infrastructure: $125,000.00 (9-mo CD)
Contract type
FINANCIAL_SERVICES
Contract term
9 months for each CD
Renewal
CDs mature 9 months after purchase; reinvestment or liquidation determined upon maturity.
Document type
Minutes
Source document
Sesser City Council Meeting Minutes January 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Sesser?

Du Quoin State Bank was awarded this financial services contract by City of Sesser, as recorded on January 16, 2025. The contract value is Sewer Debt Service Reserve: $181,131.30 (9-mo CD), Sewer Bond Reserve: $325,000.00 (9-mo CD), Maple Hill Trust: $133,893.65 (9-mo CD), Water Infrastructure: $125,000.00 (9-mo CD).

How much is the Du Quoin State Bank contract with City of Sesser worth?

The Du Quoin State Bank contract with City of Sesser is valued at Sewer Debt Service Reserve: $181,131.30 (9-mo CD), Sewer Bond Reserve: $325,000.00 (9-mo CD), Maple Hill Trust: $133,893.65 (9-mo CD), Water Infrastructure: $125,000.00 (9-mo CD), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Sesser City Council Meeting Minutes January 2025 (Minutes), dated January 16, 2025 from City of Sesser. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Du Quoin State Bank hold?

Du Quoin State 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 Du Quoin State Bank's profile

What is City of Sesser currently buying?

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

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