Civic IQ
FINANCIAL_SERVICESONGOING

Medical Reserve Funds Invested With Hinsdale Bank

District 58 utilizes Hinsdale Bank & Trust for a money market investment supporting its Medical Insurance Reserve fund, with a balance of about $1.6 million at 3.83% interest. This account contributes to funding employee medical insurance obligations.

Document date · July 13, 2026

Issuing agencyDowners Grove GSD 58VendorHinsdale Bank & Trust

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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
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
$1,597,884.97
Contract type
FINANCIAL_SERVICES
Renewal
Bank deposit and money market arrangements continue as long as the district maintains the account; no fixed maturity is specified.
Document type
AgendaPacket
Source document
Downers Grove Grade School District 58 Regular Board Meeting Agenda Packet 2026-07-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Downers Grove GSD 58?

Hinsdale Bank & Trust was awarded this financial services contract by Downers Grove GSD 58, as recorded on July 13, 2026. The contract value is $1,597,884.97.

How much is the Hinsdale Bank & Trust contract with Downers Grove GSD 58 worth?

The Hinsdale Bank & Trust contract with Downers Grove GSD 58 is valued at $1,597,884.97, 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 Downers Grove Grade School District 58 Regular Board Meeting Agenda Packet 2026-07-13 (AgendaPacket), dated July 13, 2026 from Downers Grove GSD 58. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hinsdale Bank & Trust hold?

Hinsdale Bank & Trust 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 Hinsdale Bank & Trust's profile

What is Downers Grove GSD 58 currently buying?

Explore Downers Grove GSD 58's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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