City Renews Multi-Million CDs With BankORION | City of Colona | BANKORION

Scope & details

The full contract record, as filed.

Contract amount

CD #9902048: $260,422.54; CD #9902049: $507,477.60 with $473,592.82 renewed; CD #9902050: $338,229.54; CD #9902051: $901,945.38

Contract type

FINANCIAL_SERVICES

Contract term

CD #9902048: 6-month term at 4.00% APY; CD #9902049: 9-month term at 4.00% APY; CD #9902050: 6-month term at 4.00% APY; CD #9902051: 9-month term at 4.00% APY

Renewal date

2027-05-27

Renewal

CD #9902048 rolled over for 6 months; CD #9902049 partially withdrawn and remaining balance renewed for 9 months; CD #9902050 rolled over for 6 months; CD #9902051 rolled over for 9 months, all at 4.00% APY.

Document type

AgendaPacket

Source document

City of Colona Agenda Packet COW & CC Meeting 2026-08-24

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Colona Minutes Committee of the Whole and City Council September 14, 2026

RENEWED

City of Colona, Illinois$577,946.93 at an APY of 4.00%Sep 14, 2026

city_council_meeting_agenda_packet_december_2025.pdf

approved

Town of Colona, IllinoisNADec 22, 2025

city_of_colona_city_council_meeting_agenda_decembe.pdf

approved

Town of Colona, Illinois$848,530 and $560,880Dec 8, 2025

orion_community_unit_school_district_223_board_mee.pdf

APPROVED

Orion CUSD 223, IllinoisOct 15, 2025

rimsd_41_list_of_donations_august_2025.pdf

approved

Rock Island SD 41, Illinois$2,000.00Aug 26, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Colona?

BANKORION was awarded this financial services contract by City of Colona, as recorded on August 24, 2026. The contract value is CD #9902048: $260,422.54; CD #9902049: $507,477.60 with $473,592.82 renewed; CD #9902050: $338,229.54; CD #9902051: $901,945.38.

How much is the BANKORION contract with City of Colona worth?

The BANKORION contract with City of Colona is valued at CD #9902048: $260,422.54; CD #9902049: $507,477.60 with $473,592.82 renewed; CD #9902050: $338,229.54; CD #9902051: $901,945.38, 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 Colona Agenda Packet COW & CC Meeting 2026-08-24 (AgendaPacket), dated August 24, 2026 from City of Colona. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does BANKORION hold?

BANKORION 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 BANKORION's profile

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