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FINANCIAL_SERVICESAWARDED

Village of River Forest Board Meeting Agenda January 2026

$600,000 Public Infrastructure Bond Awarded to Forest Park National Bank

$600,000 (bonds principal)River Forest villageFOREST PARK NATIONAL BANKJanuary 26, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
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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
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Description

The Village of River Forest awarded a $600,000 bond issuance to Forest Park National Bank at rates of 3.00% and 3.10% over two years. Proceeds will fund municipal infrastructure projects per ordinance adopted January 26, 2026. The bond closing will take place February 11, 2026.

Contract Details

Contract Amount

$600,000 (bonds principal)

Vendor

FOREST PARK NATIONAL BANK

Agency

River Forest village, IL

Contract Type

FINANCIAL_SERVICES

Document Date

January 26, 2026

Contract Term

February 11, 2026 – December 1, 2027 (maturity)

Renewal Date

2027-12-01

Renewal Info

No automatic renewal; bonds mature December 1, 2027. Prior issuance was with same bank but for prior years. New bond series.

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