FINANCIAL_SERVICESAPPROVED

Town of Henry Awards $500,000 Financial Services Contract to Midamerica Bank (February 2026)

The City of Henry Council voted to open three certificates of deposit totaling $500,000 with MidAmerica Bank, allocating funds from the General, Water, and Sewer accounts. The decision follows a rate comparison showing MidAmerica’s higher CD yields.

Status
APPROVED
Document date
February 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Midamerica Bank
Agency
Town of Henry · IL

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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
$500,000
Contract type
FINANCIAL_SERVICES
Renewal
CDs will follow MidAmerica Bank’s standard terms and may be rolled over or redeemed at maturity per future council direction; specific maturities not stated.
Document type
Minutes
Source document
City of Henry Council Meeting Minutes February 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Henry?

Midamerica Bank was awarded this financial services contract by Town of Henry, as recorded on February 16, 2026. The contract value is $500,000.

How much is the Midamerica Bank contract with Town of Henry worth?

The Midamerica Bank contract with Town of Henry is valued at $500,000, 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 City of Henry Council Meeting Minutes February 2026 (Minutes), dated February 16, 2026 from Town of Henry. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Midamerica Bank hold?

Midamerica 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.

View Midamerica Bank's profile

What is Town of Henry currently buying?

Explore Town of Henry's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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