CONTRACTAPPROVED

Mahomet village Awards Financial Services Contract to First State Bank of Forrest (December 2025)

Disclosed value: Not to exceed $370,000; From agenda
Approved: Dec 9, 2025

What it covers

The Village of Mahomet approved Ordinance 25-07-01 authorizing borrowing of up to $370,000 from First State Bank of Forrest via a promissory note. The tax‑exempt loan will have a repayment term of less than 10 years from the date funds are borrowed.

Who holds it

First State Bank of Forrest holds this financial services contract with Mahomet village. Its other public contracts on record include work for Sangamon Valley Public Water District and City of Fairbury.

What happens next

Term as filed: Repayment term of less than 10 years from the date the money is borrowed.

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Contract details

Contract type: Financial Services
Amount: Not to exceed $370,000
Document date: December 9, 2025
Term: Repayment term of less than 10 years from the date the money is borrowed
Vendor: First State Bank of Forrest
Agency: Mahomet village
Source document: village_of_mahomet_board_of_trustees_study_session.pdf (Agenda)

First State Bank of Forrest's other public contracts

Mahomet village, IllinoisBanking Payments Reported to First State Bank · Sep 22, 2026$78.9K Sangamon Valley Public Water District, IllinoisWater District Reviews First State Bank Financial Services · Aug 25, 2026Undisclosed Mahomet village, IllinoisDebt Service Paid to First State Bank of Forrest · Oct 28, 2025$78.9K City of Fairbury, IllinoisFirst State Bank of Forrest designated as city depository · May 3, 2023Undisclosed City of Fairbury, IllinoisCity To Change Signers at First State Bank of Forrest · Dec 21, 2022Undisclosed All First State Bank of Forrest contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Mahomet village?

First State Bank of Forrest was awarded this financial services contract by Mahomet village, as recorded on December 9, 2025. The contract value is Not to exceed $370,000.

How much is the First State Bank of Forrest contract with Mahomet village worth?

The First State Bank of Forrest contract with Mahomet village is valued at Not to exceed $370,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in village_of_mahomet_board_of_trustees_study_session.pdf (Agenda), dated December 9, 2025 from Mahomet village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does First State Bank of Forrest hold?

First State Bank of Forrest may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Mahomet village currently buying?

Explore Mahomet village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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