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Brookfield R-III School District Awards Banking Services Contract to Preferred Bank (April 2025)

Brookfield R-III School District logoBrookfield R-III School District
Approved
Apr 15, 2025
Term
2 years

The 30-second brief

What it covers

Approved the bid from Preferred Bank for the district's depository needs with a minimum length of the depository agreement being for two years (beginning July 1, 2025), with an option exercisable by the district to renew at the same terms for up to three additional years.

Who holds it

Preferred Bank holds this banking services contract with Brookfield R-III School District. Its other public contracts on record include work for Burnet Consolidated ISD and Mundelein ESD 75.

What happens next

Term as filed: 2 years.

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Contract details

Contract type
Banking Services
Document date
April 15, 2025
Term
2 years
Vendor
Preferred Bank
Agency
Brookfield R-III School District
Source document
brookfield-r-iii-school-district-meeting-minutes-2025-04-15_6ee.pdf (Meeting Minutes)

Preferred Bank's other public contracts

Burnet Consolidated ISD, TexasPreferred Bank Certificate of Deposit Held · Sep 30, 2026$240KMundelein ESD 75, IllinoisDistrict Reports Preferred Bank Certificate Of Deposit · Sep 21, 2026$243.1KCity of Alhambra, CaliforniaCity Holds CD Investment with Preferred Bank · Aug 24, 2026Town of Colton, New YorkPreferred Bank FDIC‑Insured Deposits for NYCLASS · Aug 1, 2026$54MTown of Colton, New YorkPreferred Bank Holds $54M in NYCLASS FDIC Deposits · Jul 1, 2026$54MAll Preferred Bank contractsVendor profile

More Brookfield R-III School District contracts

OPAABrookfield extends food service contract for 2025-26 · Apr 15, 2025UndisclosedOPAABrookfield Schools renews food service contract with Opaa · Apr 15, 2025UndisclosedPreferred BankBrookfield Schools approve depository agreement with Preferred Bank · Apr 15, 2025UndisclosedMEUHPBrookfield R-III School signs year-long insurance contract · Apr 15, 2025$275.5KHolland ConstructionHolland Construction to oversee Brookfield School projects · Apr 15, 2025UndisclosedAll Brookfield R-III School District activityAgency profile

Questions about this contract

Who was awarded the banking services contract by Brookfield R-III School District?

Preferred Bank was awarded this banking services contract by Brookfield R-III School District, as recorded on April 15, 2025.

What type of contract is this?

This is a Banking Services contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in brookfield-r-iii-school-district-meeting-minutes-2025-04-15_6ee.pdf (Meeting Minutes), dated April 15, 2025 from Brookfield R-III School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Preferred Bank hold?

Preferred 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.

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What is Brookfield R-III School District currently buying?

Explore Brookfield R-III School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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