City Renews $2.2M in CDs with Bank Orion
Town of ColonaCity · IL- Disclosed value
- CD #9900708 $884,574.77; CD #9900712 $331,715.54; CD #9900713 $552,998.54 (minus $55,294.33 withdrawn); CD #9900714 $255,407.05; CD #9900715 $255,407.04
- From agendapacket
- Document date
- Feb 23, 2026
The 30-second brief
City of Colona renewed five CDs with Bank Orion totaling over $2.2 million, with 6 and 12 month terms ranging from 3.85% to 4.00% APY. Withdrawals and rebalancing were directed as part of this investment action.
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.
Term as filed: CDs #9900708, #9900712, #9900713, #9900714: 6 months at 4.00% APY; CD #9900715: 12 months at 3.85% APY. All mature on 2026-08-27, except #9900715 (2027-02-27).
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Contract details
- Contract type
- Financial Services
- Amount
- CD #9900708 $884,574.77; CD #9900712 $331,715.54; CD #9900713 $552,998.54 (minus $55,294.33 withdrawn); CD #9900714 $255,407.05; CD #9900715 $255,407.04
- Document date
- February 23, 2026
- Term
- CDs #9900708, #9900712, #9900713, #9900714: 6 months at 4.00% APY; CD #9900715: 12 months at 3.85% APY. All mature on 2026-08-27, except #9900715 (2027-02-27)
- Vendor
- Bank Orion
- Agency
- Town of Colona
- Source document
- City of Colona Committee of the Whole and City Council Agenda Packet February 2026 (AgendaPacket)
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 The contract value is CD #9900708 $884,574.77; CD #9900712 $331,715.54; CD #9900713 $552,998.54 (minus $55,294.33 withdrawn); CD #9900714 $255,407.05; CD #9900715 $255,407.04.
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Town of Colona is valued at CD #9900708 $884,574.77; CD #9900712 $331,715.54; CD #9900713 $552,998.54 (minus $55,294.33 withdrawn); CD #9900714 $255,407.05; CD #9900715 $255,407.04, covering financial services work.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 Colona Committee of the Whole and City Council Agenda Packet February 2026 (AgendaPacket), 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.