Board Ratifies CD Investment with TriState Bank
Downers Grove Sanitary DistrictUtility District · Downers Grove, IL- Disclosed value
- $250,000 Certificate of Deposit
- From report
- Document date
- Sep 23, 2022
- Term
- Twelve months starting August 9, 2022
The 30-second brief
The Board ratified staff’s purchase of a twelve-month, $250,000 Certificate of Deposit with TriState Capital Bank at an annual interest rate of 3.29%. The investment is FDIC-secured and supports the District’s cash management strategy.
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 months starting August 9, 2022.
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Contract details
- Contract type
- Financial Services
- Amount
- $250,000 Certificate of Deposit
- Document date
- September 23, 2022
- Term
- Twelve months starting August 9, 2022
- Vendor
- Tristate Capital Bank
- Source document
- Downers Grove Sanitary District General Manager's Report Sept 2022 (Report)
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 September 23, 2022. The contract value is $250,000 Certificate of Deposit.
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 Certificate of Deposit, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in Downers Grove Sanitary District General Manager's Report Sept 2022 (Report), dated September 23, 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.