FINANCIAL_SERVICESAPPROVED

City of Vandalia Awards $6,041,139 Financial Services Contract to People State Bank (June 2026)

The City Council authorized payoff of a $6,041,139.16 interim financing loan with People State Bank upon closing of the Rural Development loan for the water treatment plant. This action refinances short-term debt into long-term project financing.

Status
APPROVED
Document date
June 15, 2026
Contract type
FINANCIAL_SERVICES
Vendor
People State Bank
Agency
City of Vandalia · 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 amount
$6,041,139.16
Contract type
FINANCIAL_SERVICES
Renewal
Interim financing to be fully paid off at Rural Development loan closing; no renewal anticipated.
Document type
Minutes
Source document
Vandalia City Council Minutes 2026-06-15

Related contracts

Other contracts from People State 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 Vandalia?

People State Bank was awarded this financial services contract by City of Vandalia, as recorded on June 15, 2026. The contract value is $6,041,139.16.

How much is the People State Bank contract with City of Vandalia worth?

The People State Bank contract with City of Vandalia is valued at $6,041,139.16, 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 Vandalia City Council Minutes 2026-06-15 (Minutes), dated June 15, 2026 from City of Vandalia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does People State Bank hold?

People State 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 People State Bank's profile

What is City of Vandalia currently buying?

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

View City of Vandalia'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