FINANCIAL_SERVICESAWARDED

City of Galena Awards Financial Services Contract to First Community Bank of Galena (April 2026)

The City of Galena awarded financing for the purchase of real estate at 11420 Dandar Street to First Community Bank of Galena. The loan carries a 4.29% interest rate, a $1,500 origination fee, and total payments of $2,024,448, beating a higher-cost bid from Baystone Government Finance.

Status
AWARDED
Document date
April 13, 2026
Contract type
FINANCIAL_SERVICES
Vendor
First Community Bank of Galena
Agency
City of Galena · IL

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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
Interest rate 4.29%, $1,500 loan origination fee, total payments $2,024,448
Contract type
FINANCIAL_SERVICES
Document type
Minutes
Source document
City of Galena Council Meeting Minutes April 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Galena?

First Community Bank of Galena was awarded this financial services contract by City of Galena, as recorded on April 13, 2026. The contract value is Interest rate 4.29%, $1,500 loan origination fee, total payments $2,024,448.

How much is the First Community Bank of Galena contract with City of Galena worth?

The First Community Bank of Galena contract with City of Galena is valued at Interest rate 4.29%, $1,500 loan origination fee, total payments $2,024,448, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Galena Council Meeting Minutes April 2026 (Minutes), dated April 13, 2026 from City of Galena. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Community Bank of Galena hold?

First Community Bank of Galena 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 First Community Bank of Galena's profile

What is City of Galena currently buying?

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

View City of Galena's profile

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