Town of Colona Awards Financial Services Contract to Bank Orion (February 2026)
Town of ColonaCity · IL- Disclosed value
- CD #9900708: $884,574.77; CD #9900712: $331,715.54; CD #9900713: renew $497,704.21 after $55,294.33 withdrawal; CD #9900714: $255,407.05; CD #9900715: $255,407.04
- From minutes
- Approved
- Feb 23, 2026
The 30-second brief
The City of Colona Council approved the renewal of five certificates of deposit at Bank Orion with various terms and APYs, with one partial withdrawal to General Fund Savings at Blackhawk Bank. Total investments exceed $2.2 million.
Bank Orion holds this financial services contract with Town of Colona. Its other public contracts on record include work for Prairiecat and Cambridge CUSD 227.
Term as filed: CD #9900708: 6 months at 4.00% APY; CD #9900712: 6 months at 4.00% APY; CD #9900713: 6 months at 4.00% APY; CD #9900714: 6 months at 4.00% APY; CD #9900715: 12 months at 3.85% APY.
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Contract details
- Contract type
- Financial Services
- Amount
- CD #9900708: $884,574.77; CD #9900712: $331,715.54; CD #9900713: renew $497,704.21 after $55,294.33 withdrawal; CD #9900714: $255,407.05; CD #9900715: $255,407.04
- Document date
- February 23, 2026
- Term
- CD #9900708: 6 months at 4.00% APY; CD #9900712: 6 months at 4.00% APY; CD #9900713: 6 months at 4.00% APY; CD #9900714: 6 months at 4.00% APY; CD #9900715: 12 months at 3.85% APY
- Vendor
- Bank Orion
- Agency
- Town of Colona
- Source document
- City of Colona Committee of the Whole & City Council Minutes February 2026 (Minutes)
Bank Orion's other public contracts
More Town of Colona contracts
Questions about this contract
Who was awarded the financial services contract by Town of Colona?
Bank Orion was awarded this financial services contract by Town of Colona, as recorded on February 23, 2026. The contract value is CD #9900708: $884,574.77; CD #9900712: $331,715.54; CD #9900713: renew $497,704.21 after $55,294.33 withdrawal; CD #9900714: $255,407.05; CD #9900715: $255,407.04.
How much is the Bank Orion contract with Town of Colona worth?
The Bank Orion contract with Town of Colona is valued at CD #9900708: $884,574.77; CD #9900712: $331,715.54; CD #9900713: renew $497,704.21 after $55,294.33 withdrawal; CD #9900714: $255,407.05; CD #9900715: $255,407.04, 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 City of Colona Committee of the Whole & City Council Minutes February 2026 (Minutes), dated February 23, 2026 from Town of Colona. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bank Orion hold?
Bank Orion 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 Colona currently buying?
Explore Town of Colona's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.