Township Renews CDs with First Community Bank

Scope & details

The full contract record, as filed.

Contract amount

$643,000 principal, 4.23% APY

Contract type

FINANCIAL_SERVICES

Contract term

7 months (April 15, 2025 – November 15, 2025 estimated)

Renewal date

2025-11-15

Renewal

Action is a 7-month renewal at specified rate. Prior CDs existed with same bank.

Document type

Minutes

Source document

Guilford Township Board Meeting Minutes April 2025

Related contracts

Other contracts from First Community Bank of Galena.

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City of Galena Council Meeting Minutes April 2026

AWARDED

City of Galena, IllinoisInterest rate 4.29%, $1,500 loan origination fee, total payments $2,024,448Apr 13, 2026

Guilford Township Board Meeting Minutes November 2025

RENEWED

Town of Guilford, Illinois$676,490.83 in principal across three CDsNov 10, 2025

city-of-galena-regular-city-council-meeting-agenda-october-27-2025_a54.pdf

city_council_minutes_october_27_2025.pdf

approved

City of Galena, IllinoisNAOct 27, 2025

City of Galena Council Agenda October 2025

pending

City of Galena, IllinoisNAOct 27, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Guilford?

First Community Bank of Galena was awarded this financial services contract by Town of Guilford, as recorded on April 8, 2025. The contract value is $643,000 principal, 4.23% APY.

How much is the First Community Bank of Galena contract with Town of Guilford worth?

The First Community Bank of Galena contract with Town of Guilford is valued at $643,000 principal, 4.23% APY, 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 Guilford Township Board Meeting Minutes April 2025 (Minutes), dated April 8, 2025 from Town of Guilford. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Community Bank of Galena hold?

First Community Bank of Galena 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 First Community Bank of Galena's profile

What is Town of Guilford currently buying?

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