FINANCIAL_SERVICESAPPROVED

City of Red Bud Awards Financial Services Contract to Dieterich Bank (July 2026)

The Red Bud City Council approved allowing Dieterich Bank, the city’s depository bank, to use a Letter of Credit to collateralize city funds above FDIC insurance limits while maintaining pledged securities. This action formalizes the collateralization method for municipal deposits.

Status
APPROVED
Document date
July 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Dieterich Bank
Agency
City of Red Bud · IL

Trusted by teams at

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
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 type
FINANCIAL_SERVICES
Document type
Minutes
Source document
City of Red Bud City Council Meeting Minutes 2026-07-06

Related contracts

Other contracts from Dieterich Bank.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Red Bud?

Dieterich Bank was awarded this financial services contract by City of Red Bud, as recorded on July 6, 2026.

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 City of Red Bud City Council Meeting Minutes 2026-07-06 (Minutes), dated July 6, 2026 from City of Red Bud. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Dieterich Bank hold?

Dieterich 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 Dieterich Bank's profile

What is City of Red Bud currently buying?

Explore City of Red Bud's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Red Bud's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free