FINANCIAL_SERVICESRECOMMENDED

Treasurer Suggests 11-Month CD at Tremont Bank

The City Treasurer proposed investing $1 million in an eleven-month certificate of deposit with Tremont First Nat'l. Bank at a 3.50% rate. The CD would be funded from Fifth Street Road Project bond proceeds to generate interest income.

Status
RECOMMENDED
Document date
July 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Tremont First National Bank
Agency
Town of Lincoln · IL

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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
$1,000,000.00 at 3.50%
Contract type
FINANCIAL_SERVICES
Contract term
Eleven-month CD
Renewal
Single eleven-month CD; any continuation would require a new placement at maturity.
Document type
AgendaPacket
Source document
City of Lincoln Committee of the Whole Meeting Agenda Packet 2026-07-28

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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 Lincoln?

Tremont First National Bank was awarded this financial services contract by Town of Lincoln, as recorded on July 28, 2026. The contract value is $1,000,000.00 at 3.50%.

How much is the Tremont First National Bank contract with Town of Lincoln worth?

The Tremont First National Bank contract with Town of Lincoln is valued at $1,000,000.00 at 3.50%, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Lincoln Committee of the Whole Meeting Agenda Packet 2026-07-28 (AgendaPacket), dated July 28, 2026 from Town of Lincoln. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Tremont First National Bank hold?

Tremont First National 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 Town of Lincoln currently buying?

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

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