FINANCIAL_SERVICESPENDING

City to Reinvest CD with Tremont First National Bank

The City of Lincoln is considering reinvesting a $731,937.10 certificate of deposit with Tremont First National Bank at a 3.41% interest rate for a seven-month term. The action would continue the city's short-term investment of surplus funds.

Status
PENDING
Document date
July 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Tremont First National Bank
Agency
City of Lincoln city · 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
$731,937.10 at 3.41% interest for 7 months
Contract type
FINANCIAL_SERVICES
Contract term
Seven months
Renewal
CD is for a fixed seven-month term; future reinvestment or rollover would require new council action.
Document type
AgendaPacket
Source document
City of Lincoln AgendaPacket Regular City Council Meeting 2026-07-06

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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 Lincoln city?

Tremont First National Bank was awarded this financial services contract by City of Lincoln city, as recorded on July 6, 2026. The contract value is $731,937.10 at 3.41% interest for 7 months.

How much is the Tremont First National Bank contract with City of Lincoln city worth?

The Tremont First National Bank contract with City of Lincoln city is valued at $731,937.10 at 3.41% interest for 7 months, 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 City of Lincoln AgendaPacket Regular City Council Meeting 2026-07-06 (AgendaPacket), dated July 6, 2026 from City of Lincoln city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Tremont First National Bank hold?

Tremont First National 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 Tremont First National Bank's profile

What is City of Lincoln city currently buying?

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

View City of Lincoln city's profile

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