FINANCIAL_SERVICESAPPROVED

Kankakee River Metropolitan Agency (Krma) Awards Financial Services Contract to Zions Bancorporation (May 2026)

The Kankakee River Metropolitan Agency authorized an escrow agreement with Zions Bancorporation, depositing up to $985,000 to redeem its outstanding Series 2016 bonds ahead of maturity. Zions will serve as escrow agent, investing in U.S. Treasury securities and administering bond payments for bondholders.

Status
APPROVED
Document date
May 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Zions Bancorporation
Agency
Kankakee River Metropolitan Agency (Krma) · IL

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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
Not to exceed $985,000
Contract type
FINANCIAL_SERVICES
Contract term
Until redemption of Series 2016 Bonds, by July 2026
Renewal date
2026-07-31
Renewal
Single-purpose escrow arrangement for advance refunding of Series 2016 bonds; agreement terminates upon full payment and redemption of the bonds, anticipated by July 2026.
Document type
AgendaPacket
Source document
Kankakee River Metropolitan Agency AgendaPacket Meeting 2026-05-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Kankakee River Metropolitan Agency (Krma)?

Zions Bancorporation was awarded this financial services contract by Kankakee River Metropolitan Agency (Krma), as recorded on May 28, 2026. The contract value is Not to exceed $985,000.

How much is the Zions Bancorporation contract with Kankakee River Metropolitan Agency (Krma) worth?

The Zions Bancorporation contract with Kankakee River Metropolitan Agency (Krma) is valued at Not to exceed $985,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Kankakee River Metropolitan Agency AgendaPacket Meeting 2026-05-28 (AgendaPacket), dated May 28, 2026 from Kankakee River Metropolitan Agency (Krma). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Zions Bancorporation hold?

Zions Bancorporation 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 Zions Bancorporation's profile

What is Kankakee River Metropolitan Agency (Krma) currently buying?

Explore Kankakee River Metropolitan Agency (Krma)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Kankakee River Metropolitan Agency (Krma)'s profile

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