City of Newton Awards Financial Services Contract to Umb Bank, N.A. (September 2026)
City of NewtonCity · Newton, IL- Disclosed value
- Not to exceed $305,000, including redemption and payment of the Series 2016 Bonds and legal, financial, and other redemption costs
- From resolution
- Approved
- Sep 15, 2026
The 30-second brief
The City of Newton approved the use of up to $305,000 to redeem its outstanding Series 2016 general obligation refunding bonds. UMB Bank, N.A. will serve as paying agent for the redemption scheduled for November 1, 2026.
Umb Bank, N.A. holds this financial services contract with City of Newton. Its other public contracts on record include work for Oklahoma City Public Schools and Des Moines Area Community College.
Term as filed: Paying agent for redemption and payment on November 1, 2026.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $305,000, including redemption and payment of the Series 2016 Bonds and legal, financial, and other redemption costs
- Document date
- September 15, 2026
- Term
- Paying agent for redemption and payment on November 1, 2026
- Vendor
- Umb Bank, N.A.
- Agency
- City of Newton
- Source document
- City of Newton Resolution Resolution 26-15 Authorizing Redemption and Payment of General Obligation Refunding Bonds 2026-09-15 (Resolution)
Umb Bank, N.A.'s other public contracts
More City of Newton contracts
Questions about this contract
Who was awarded the financial services contract by City of Newton?
Umb Bank, N.A. was awarded this financial services contract by City of Newton, as recorded on September 15, 2026. The contract value is Not to exceed $305,000, including redemption and payment of the Series 2016 Bonds and legal, financial, and other redemption costs.
How much is the Umb Bank, N.A. contract with City of Newton worth?
The Umb Bank, N.A. contract with City of Newton is valued at Not to exceed $305,000, including redemption and payment of the Series 2016 Bonds and legal, financial, and other redemption costs, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of Newton Resolution Resolution 26-15 Authorizing Redemption and Payment of General Obligation Refunding Bonds 2026-09-15 (Resolution), dated September 15, 2026 from City of Newton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Umb Bank, N.A. hold?
Umb Bank, N.A. 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 City of Newton currently buying?
Explore City of Newton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.