FINANCIAL_SERVICESAPPROVED

Town of Galena Awards Financial Services Contract to Shore United Bank (June 2026)

The Town of Galena approved moving its backup banking relationship to Shore United Bank, closing PNC accounts and opening new accounts with better terms. Shore United will provide interest checking, a 12‑month CD at 3.85%, and potential commercial financing for future projects.

Status
APPROVED
Document date
June 1, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Shore United Bank
Agency
Town of Galena · IN

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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
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
Contract term
12-month CD at 3.85% plus ongoing checking relationship
Renewal
Includes a 12‑month certificate of deposit; CD may be renewed at maturity subject to then-current rates and council direction.
Document type
Minutes
Source document
Town of Galena Mayor & Council Meeting Minutes 2026-06-01

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Shore United Bank was awarded this financial services contract by Town of Galena, as recorded on June 1, 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 Town of Galena Mayor & Council Meeting Minutes 2026-06-01 (Minutes), dated June 1, 2026 from Town of Galena. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Shore United Bank hold?

Shore United 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 Shore United Bank's profile

What is Town of Galena currently buying?

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

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