FINANCIAL_SERVICESRENEWED

Lanark Renews $2 Million Credit Line with Bank

The City of Lanark renewed its $2,000,000 line of credit with Exchange State Bank for another 12 months under existing terms. The agreement features a variable interest rate and maintains current signatories.

Status
RENEWED
Document date
May 19, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Exchange State Bank
Agency
City of Lanark · IL

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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 amount
$2,000,000
Contract type
FINANCIAL_SERVICES
Contract term
12 months
Renewal date
2027-05-19
Renewal
Line of credit renewed for 12-month term under previous terms and conditions; variable rate tied to Illinois I-Fund plus 0.25%.
Document type
Minutes
Source document
City of Lanark Minutes Regular Session 2026-05-19

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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 Lanark?

Exchange State Bank was awarded this financial services contract by City of Lanark, as recorded on May 19, 2026. The contract value is $2,000,000.

How much is the Exchange State Bank contract with City of Lanark worth?

The Exchange State Bank contract with City of Lanark is valued at $2,000,000, 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 Lanark Minutes Regular Session 2026-05-19 (Minutes), dated May 19, 2026 from City of Lanark. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Exchange State Bank hold?

Exchange 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 Exchange State Bank's profile

What is City of Lanark currently buying?

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

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