CONTRACTAPPROVED

Town of Mount Vernon Awards $1,435,000 Loan Contract to Banterra Bank (June 2024)

Disclosed value: $1,435,000.00; From meeting minutes
Approved: Jun 3, 2024
Term: 7 years

What it covers

Council approved a funding agreement with Banterra Bank for the Downtown Park construction. The loan amount is $1,435,000.00, with an interest rate of 5.53% over 7 years.

Who holds it

Banterra Bank holds this loan contract with Town of Mount Vernon. Its other public contracts on record include work for City of Carbondale city and City of Christopher.

What happens next

Term as filed: 7 years.

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Contract details

Contract type: Loan
Amount: $1,435,000.00
Document date: June 3, 2024
Term: 7 years
Vendor: Banterra Bank
Agency: Town of Mount Vernon
Source document: town-of-mount-vernon-meeting-minutes-2024-06-03_b07.pdf (Meeting Minutes)

Banterra Bank's other public contracts

City of Carbondale city, IllinoisCarbondale Makes Banterra Dump Truck Payment · Oct 13, 2026$4.4K City of Christopher, IllinoisChristopher Considers Gov 311 App Sponsorship · Oct 12, 2026$750 Hamilton Co CUSD 10, IllinoisDistrict Considers Renewing CDARS Deposit with Banterra · Sep 15, 2026Undisclosed City of Carbondale city, IllinoisCarbondale Pays Banterra on Dump Truck Financing · Sep 8, 2026$4.4K Herrin CUSD 4, IllinoisDistrict Designates Banterra Bank as Depository · Aug 25, 2026Undisclosed All Banterra Bank contractsVendor profile

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Questions about this contract

Who was awarded the loan contract by Town of Mount Vernon?

Banterra Bank was awarded this loan contract by Town of Mount Vernon, as recorded on June 3, 2024. The contract value is $1,435,000.00.

How much is the Banterra Bank contract with Town of Mount Vernon worth?

The Banterra Bank contract with Town of Mount Vernon is valued at $1,435,000.00, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in town-of-mount-vernon-meeting-minutes-2024-06-03_b07.pdf (Meeting Minutes), dated June 3, 2024 from Town of Mount Vernon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Banterra Bank hold?

Banterra 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.

What is Town of Mount Vernon currently buying?

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

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