FINANCIAL_SERVICESAPPROVED

Town of Ramsey Awards Financial Services Contract to Midland Bank (October 2025)

The Village of Ramsey board approved moving a maturing $50,000 General Fund certificate of deposit from Midland Bank into new CDs at United Fidelity. This shifts the village’s investment from Midland Bank to a new financial institution.

Status
APPROVED
Document date
October 6, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Midland Bank
Agency
Town of Ramsey · 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
$50,000.00 (principal CD amount)
Contract type
FINANCIAL_SERVICES
Contract term
Existing CD maturing October 11, 2025; reinvestment will move funds out of Midland Bank
Renewal date
2025-10-11
Renewal
Existing Midland Bank CD will not be renewed; funds will be withdrawn at maturity on or about 2025-10-11 and reinvested elsewhere.
Document type
Minutes
Source document
village-of-ramsey-board-meeting-minutes-october-6-2025_c76.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Ramsey?

Midland Bank was awarded this financial services contract by Town of Ramsey, as recorded on October 6, 2025. The contract value is $50,000.00 (principal CD amount).

How much is the Midland Bank contract with Town of Ramsey worth?

The Midland Bank contract with Town of Ramsey is valued at $50,000.00 (principal CD amount), 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-ramsey-board-meeting-minutes-october-6-2025_c76.pdf (Minutes), dated October 6, 2025 from Town of Ramsey. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Midland Bank hold?

Midland 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 Midland Bank's profile

What is Town of Ramsey currently buying?

Explore Town of Ramsey's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Ramsey's profile

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