FINANCIAL_SERVICESRENEWED

Village Renews $150K Sewer CD With Local Bank

The Village of Mazon board approved renewing Sewer Expansion CD# 733580 with American Commercial Bank & Trust at the best available rate and increasing the principal to $150,000 by adding $16,260.37. The CD continues to be a 12‑month investment tied to the sewer fund.

Status
RENEWED
Document date
March 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
American Commercial Bank & Trust
Agency
Town of Mazon · IL

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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

Scope & details

The full contract record, as filed.

Contract amount
$133,739.63 plus additional $16,260.37 (total $150,000)
Contract type
FINANCIAL_SERVICES
Contract term
12 months at 4.15% (renewal term to be set at best available rate)
Renewal date
2027-04-05
Renewal
CD# 733580 originally held $133,739.63 at 4.15% for 12 months maturing 2026-04-05; board authorized renewal with the best available rate and an added $16,260.37 in principal for a new total of $150,000.
Document type
Minutes
Source document
Village of Mazon Board Minutes March 23, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

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

American Commercial Bank & Trust was awarded this financial services contract by Town of Mazon, as recorded on March 23, 2026. The contract value is $133,739.63 plus additional $16,260.37 (total $150,000).

How much is the American Commercial Bank & Trust contract with Town of Mazon worth?

The American Commercial Bank & Trust contract with Town of Mazon is valued at $133,739.63 plus additional $16,260.37 (total $150,000), 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 Village of Mazon Board Minutes March 23, 2026 (Minutes), dated March 23, 2026 from Town of Mazon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does American Commercial Bank & Trust hold?

American Commercial Bank & Trust 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 Town of Mazon currently buying?

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

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