Colona Renews $577,946 CD With BankORION | City of Colona | BANKORION

Scope & details

The full contract record, as filed.

Contract amount

$577,946.93 at an APY of 4.00%

Contract type

FINANCIAL_SERVICES

Contract term

6-month term

Renewal date

2027-03-14

Renewal

Renewal approved for a six-month term; future renewal terms were not specified.

Document type

Minutes

Source document

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

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

RENEWED

City of Colona, IllinoisCD #9902048: $260,422.54; CD #9902049: $507,477.60 with $473,592.82 renewed; CD #9902050: $338,229.54; CD #9902051: $901,945.38Aug 24, 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 September 14, 2026. The contract value is $577,946.93 at an APY of 4.00%.

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

The BANKORION contract with City of Colona is valued at $577,946.93 at an APY of 4.00%, 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 Colona Minutes Committee of the Whole and City Council September 14, 2026 (Minutes), dated September 14, 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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