FINANCIAL_SERVICESAPPROVED

City of Sesser Awards Financial Services Contract to Du Quoin State Bank (January 2025)

The Sesser City Council approved the purchase of four 9‑month certificates of deposit with Du Quoin State Bank, moving over $765,000 from various reserve and operating accounts at a 4.45% interest rate. The action restructures several city funds into higher-yield investments.

Status
APPROVED
Document date
January 16, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Du Quoin State Bank
Agency
City of Sesser · 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
$181,131.30; $325,000.00; $133,893.65; $125,000.00 (each moved into separate 9‑month CDs at 4.45% interest)
Contract type
FINANCIAL_SERVICES
Contract term
9 months for each CD
Renewal
CDs have a 9‑month term; renewal or rollover decisions will be required at maturity.
Document type
Minutes
Source document
City of Sesser Council Meeting Minutes January 2025

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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 Sesser?

Du Quoin State Bank was awarded this financial services contract by City of Sesser, as recorded on January 16, 2025. The contract value is $181,131.30; $325,000.00; $133,893.65; $125,000.00 (each moved into separate 9‑month CDs at 4.45% interest).

How much is the Du Quoin State Bank contract with City of Sesser worth?

The Du Quoin State Bank contract with City of Sesser is valued at $181,131.30; $325,000.00; $133,893.65; $125,000.00 (each moved into separate 9‑month CDs at 4.45% interest), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Sesser Council Meeting Minutes January 2025 (Minutes), dated January 16, 2025 from City of Sesser. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Du Quoin State Bank hold?

Du Quoin 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 Du Quoin State Bank's profile

What is City of Sesser currently buying?

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

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