FINANCIAL_SERVICESRENEWED

District Renews CDs with Legence Bank

Galatia CUSD No. 1 renewed two certificates of deposit totaling $601,957 at Legence Bank for six months at a 3.65% APY rate. The action continues the district’s short‑term investment strategy with the existing banking partner.

Status
RENEWED
Document date
May 26, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Legence Bank
Agency
Galatia CUSD 1 · 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
$223,172.59 (CD #1474) and $378,784.37 (CD #2133)
Contract type
FINANCIAL_SERVICES
Contract term
Six months at 3.65% APY
Renewal
Six-month renewal of CD #1474 and CD #2133 at 3.65% APY; future renewals subject to board approval and prevailing rates.
Document type
Minutes
Source document
Galatia Community Unit School District No. 1 Regular Board Meeting Minutes 2026-05-26

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Galatia CUSD 1?

Legence Bank was awarded this financial services contract by Galatia CUSD 1, as recorded on May 26, 2026. The contract value is $223,172.59 (CD #1474) and $378,784.37 (CD #2133).

How much is the Legence Bank contract with Galatia CUSD 1 worth?

The Legence Bank contract with Galatia CUSD 1 is valued at $223,172.59 (CD #1474) and $378,784.37 (CD #2133), 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 Galatia Community Unit School District No. 1 Regular Board Meeting Minutes 2026-05-26 (Minutes), dated May 26, 2026 from Galatia CUSD 1. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Legence Bank hold?

Legence 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 Legence Bank's profile

What is Galatia CUSD 1 currently buying?

Explore Galatia CUSD 1's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Galatia CUSD 1's profile

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