Board ratifies $250,000 CD with TriState Capital
Downers Grove Sanitary DistrictUtility District · Downers Grove, IL- Disclosed value
- $250,000
- From minutes
- Document date
- Aug 16, 2022
The 30-second brief
The Board ratified staff’s August 9, 2022 purchase of a twelve-month, $250,000 Certificate of Deposit with TriState Capital Bank at an annual interest rate of 3.29 percent. The investment is FDIC-secured and formalizes the District’s use of the bank for short-term cash management.
Tristate Capital Bank holds this financial services contract with Downers Grove Sanitary District. Its other public contracts on record include work for City of Tallmadge and Bigfork Valley Hospital.
Term as filed: Twelve-month Certificate of Deposit starting August 9, 2022.
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Contract details
- Contract type
- Financial Services
- Amount
- $250,000
- Document date
- August 16, 2022
- Term
- Twelve-month Certificate of Deposit starting August 9, 2022
- Vendor
- Tristate Capital Bank
- Source document
- Downers Grove Sanitary District Board of Trustees Meeting Minutes August 2022 (Minutes)
Tristate Capital Bank's other public contracts
More Downers Grove Sanitary District contracts
Questions about this contract
Who was awarded the financial services contract by Downers Grove Sanitary District?
Tristate Capital Bank was awarded this financial services contract by Downers Grove Sanitary District, as recorded on August 16, 2022. The contract value is $250,000.
How much is the Tristate Capital Bank contract with Downers Grove Sanitary District worth?
The Tristate Capital Bank contract with Downers Grove Sanitary District is valued at $250,000, 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 Downers Grove Sanitary District Board of Trustees Meeting Minutes August 2022 (Minutes), dated August 16, 2022 from Downers Grove Sanitary District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Tristate Capital Bank hold?
Tristate Capital 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.
What is Downers Grove Sanitary District currently buying?
Explore Downers Grove Sanitary District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.