FINANCIAL_SERVICESPENDING

Teutopolis State Bank named construction escrow agent

The City of Effingham and Salt Creek Custom Homes and Timber Framing, LLC have engaged Teutopolis State Bank as Escrow Agent to hold and administer a $10,000 construction-related escrow fund. The bank will safeguard and disburse the escrow in accordance with the real estate purchase contract and specified deadlines through December 30, 2027.

Document date · August 25, 2026

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WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$10,000.00 (Escrow Amount)
Contract type
FINANCIAL_SERVICES
Contract term
Escrow effective upon execution in 2026; disposition of escrow fund governed through at least December 30, 2027
Renewal date
2027-12-30
Renewal
Escrow Agreement terminates upon full disbursement of the escrow fund under Section 4; the agreement may be amended, revoked, or terminated only with written consent of all parties. Buyer and Seller may jointly remove Escrow Agent and appoint a successor; Escrow Agent may resign with 30 days’ notice and court appointment of a successor if none is designated.
Document type
Agreement
Source document
City of Effingham Agreement to Purchase Real Estate 2026-09-30

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Effingham city?

Teutopolis State Bank was awarded this financial services contract by City of Effingham city, as recorded on August 25, 2026. The contract value is $10,000.00 (Escrow Amount).

How much is the Teutopolis State Bank contract with City of Effingham city worth?

The Teutopolis State Bank contract with City of Effingham city is valued at $10,000.00 (Escrow Amount), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Effingham Agreement to Purchase Real Estate 2026-09-30 (Agreement), dated August 25, 2026 from City of Effingham city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Teutopolis State Bank hold?

Teutopolis State 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 City of Effingham city currently buying?

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