Prairie State College Awards Financial Services Contract to Old Second National Bank Aurora Illinois (May 2026)

Prairie State College proposes to issue $5,255,000 in Taxable 2025A Educational Purposes Tax Anticipation Warrants and $1,145,000 in Taxable 2025B Operations and Maintenance Purposes Tax Anticipation Warrants. The resolution authorizes selling these warrants to Old Second National Bank in Aurora, Illinois, to provide short-term financing against 2025 tax revenues.

Scope & details

The full contract record, as filed.

Contract amount

$5,255,000 Taxable 2025A Warrants and $1,145,000 Taxable 2025B Warrants

Contract type

FINANCIAL_SERVICES

Contract term

In anticipation of collection of 2025 tax levy

Document type

Agenda

Source document

Board of Illinois Community College District No. 515 Agenda 2026-05-26

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Prairie State College?

Old Second National Bank Aurora Illinois was awarded this financial services contract by Prairie State College, as recorded on May 26, 2026. The contract value is $5,255,000 Taxable 2025A Warrants and $1,145,000 Taxable 2025B Warrants.

How much is the Old Second National Bank Aurora Illinois contract with Prairie State College worth?

The Old Second National Bank Aurora Illinois contract with Prairie State College is valued at $5,255,000 Taxable 2025A Warrants and $1,145,000 Taxable 2025B Warrants, 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 Board of Illinois Community College District No. 515 Agenda 2026-05-26 (Agenda), dated May 26, 2026 from Prairie State College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Old Second National Bank Aurora Illinois hold?

Old Second National Bank Aurora Illinois 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 Old Second National Bank Aurora Illinois's profile

What is Prairie State College currently buying?

Explore Prairie State College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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