FINANCIAL_SERVICESAPPROVED

Westchester village Awards Financial Services Contract to Republic Bank (April 2026)

The Village Board approved Ordinance 2026-2378 authorizing a five-year credit agreement with Republic Bank and issuance of a $2,538,004 promissory note to refinance the Enterprise Drive property loan. The refinancing provides fixed-rate payments, no prepayment penalty, and some waived fees backed by village revenue sources.

Status
APPROVED
Document date
April 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Republic Bank
Agency
Westchester village · 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
$2,538,004 promissory note
Contract type
FINANCIAL_SERVICES
Contract term
Five-year commercial loan term beginning April 2026
Renewal date
2031-04-30
Renewal
Five-year commercial loan replacing an existing term loan; no automatic renewal stated, with option for early payoff without penalty.
Document type
Minutes
Source document
Village of Westchester Minutes of the Village Board Meeting 2026-04-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Westchester village?

Republic Bank was awarded this financial services contract by Westchester village, as recorded on April 28, 2026. The contract value is $2,538,004 promissory note.

How much is the Republic Bank contract with Westchester village worth?

The Republic Bank contract with Westchester village is valued at $2,538,004 promissory note, 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 Village of Westchester Minutes of the Village Board Meeting 2026-04-28 (Minutes), dated April 28, 2026 from Westchester village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Republic Bank hold?

Republic 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 Republic Bank's profile

What is Westchester village currently buying?

Explore Westchester village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Westchester village's profile

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