Town of Colona Awards Financial Services Contract to Bank Orion (February 2026)
Town of ColonaCity · IL- Disclosed value
- CD #9900708 ($884,574.77 for 6 months at 4.00% APY), CD #9900712 ($331,715.54 for 6 months at 4.00% APY), CD #9900713 (renew $497,704.21 for 6 months at 4.00% APY, $55,294.33 withdrawn to Blackhawk Bank), CD #9900714 ($255,407.05 for 6 months at 4.00% APY), CD #9900715 ($255,407.04 for 12 months at 3.85% APY)
- From agenda
- Approved
- Feb 23, 2026
- Renews
- Free account
The 30-second brief
The City of Colona approved the renewal of five certificates of deposit with Bank Orion, with four renewed for 6 months at a 4.00% APY and one for 12 months at a 3.85% APY, totaling over $2.2 million. The renewal designates Mayor Brian Johnson and Alderman Lawrence Swemline as authorized signers. Part of CD #9900713 will be transferred to the General Fund at Blackhawk Bank.
Bank Orion holds this financial services contract with Town of Colona. Its other public contracts on record include work for Prairiecat and Cambridge CUSD 227.
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Contract details
- Contract type
- Financial Services
- Amount
- CD #9900708 ($884,574.77 for 6 months at 4.00% APY), CD #9900712 ($331,715.54 for 6 months at 4.00% APY), CD #9900713 (renew $497,704.21 for 6 months at 4.00% APY, $55,294.33 withdrawn to Blackhawk Bank), CD #9900714 ($255,407.05 for 6 months at 4.00% APY), CD #9900715 ($255,407.04 for 12 months at 3.85% APY)
- Document date
- February 23, 2026
- Term
- CDs: four at 6 months (ending 2026-08-23), one at 12 months (ending 2027-02-23)
- Renews
- On record
- Vendor
- Bank Orion
- Agency
- Town of Colona
- Source document
- City of Colona Committee of the Whole Agenda February 23 2026 (Agenda)
Bank Orion's other public contracts
More Town of Colona contracts
Questions about this contract
Who was awarded the financial services contract by Town of Colona?
Bank Orion was awarded this financial services contract by Town of Colona, as recorded on February 23, 2026. The contract value is CD #9900708 ($884,574.77 for 6 months at 4.00% APY), CD #9900712 ($331,715.54 for 6 months at 4.00% APY), CD #9900713 (renew $497,704.21 for 6 months at 4.00% APY, $55,294.33 withdrawn to Blackhawk Bank), CD #9900714 ($255,407.05 for 6 months at 4.00% APY), CD #9900715 ($255,407.04 for 12 months at 3.85% APY).
How much is the Bank Orion contract with Town of Colona worth?
The Bank Orion contract with Town of Colona is valued at CD #9900708 ($884,574.77 for 6 months at 4.00% APY), CD #9900712 ($331,715.54 for 6 months at 4.00% APY), CD #9900713 (renew $497,704.21 for 6 months at 4.00% APY, $55,294.33 withdrawn to Blackhawk Bank), CD #9900714 ($255,407.05 for 6 months at 4.00% APY), CD #9900715 ($255,407.04 for 12 months at 3.85% APY), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in City of Colona Committee of the Whole Agenda February 23 2026 (Agenda), dated February 23, 2026 from Town of Colona. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bank Orion hold?
Bank Orion may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Town of Colona currently buying?
Explore Town of Colona's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.