Town of Colona Awards Financial Service Contract to BANKORION (December 2025)

Bank Orion CD renewals approved for $848,530 (12 months) and $560,880 (9 months) terms.

Document date · December 22, 2025

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Scope & details

The full contract record, as filed.

Contract amount

Contract type

Financial Service

Contract term

12 months and 9 months

Renewal date

Renewal

Document type

Agenda

Source document

city_council_meeting_agenda_packet_december_2025.pdf

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Colona Minutes Committee of the Whole and City Council September 14, 2026

RENEWED

City of Colona, Illinois$577,946.93 at an APY of 4.00%Sep 14, 2026

City of Colona Agenda Packet COW & CC Meeting 2026-08-24

RENEWED

City of Colona, IllinoisCD #9902048: $260,422.54; CD #9902049: $507,477.60 with $473,592.82 renewed; CD #9902050: $338,229.54; CD #9902051: $901,945.38Aug 24, 2026

city_of_colona_city_council_meeting_agenda_decembe.pdf

approved

Town of Colona, Illinois$848,530 and $560,880Dec 8, 2025

orion_community_unit_school_district_223_board_mee.pdf

APPROVED

Orion CUSD 223, IllinoisOct 15, 2025

rimsd_41_list_of_donations_august_2025.pdf

approved

Rock Island SD 41, Illinois$2,000.00Aug 26, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial service contract by Town of Colona?

BANKORION was awarded this financial service contract by Town of Colona, as recorded on December 22, 2025.

What type of contract is this?

This is a Financial Service contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city_council_meeting_agenda_packet_december_2025.pdf (Agenda), dated December 22, 2025 from Town of Colona. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does BANKORION hold?

BANKORION 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 BANKORION's 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.

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