FINANCIAL_SERVICESAPPROVED

Aurora West USD 129 Awards Financial Services Contract to Old Second Bancorp Aurora (June 2025)

West Aurora School District 129 formally designated Old Second Bancorp Aurora as a depository for district funds under Illinois law. Deposits are limited to 75% of the bank’s capital and surplus, and the bank must provide ongoing sworn financial statements to the Board.

Status
APPROVED
Document date
June 16, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Old Second Bancorp Aurora
Agency
Aurora West USD 129 · IL

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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
Not to exceed 75% of the bank’s capital and surplus (amount shown as $XXX,XXX,XXX)
Contract type
FINANCIAL_SERVICES
Renewal
The resolution designates Old Second Bancorp Aurora as an authorized depository under Illinois law without a stated end date; it remains in effect until amended or replaced by subsequent board action.
Document type
Resolution
Source document
West Aurora School District 129 Resolution Designating Depositories 2025-06-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Aurora West USD 129?

Old Second Bancorp Aurora was awarded this financial services contract by Aurora West USD 129, as recorded on June 16, 2025. The contract value is Not to exceed 75% of the bank’s capital and surplus (amount shown as $XXX,XXX,XXX).

How much is the Old Second Bancorp Aurora contract with Aurora West USD 129 worth?

The Old Second Bancorp Aurora contract with Aurora West USD 129 is valued at Not to exceed 75% of the bank’s capital and surplus (amount shown as $XXX,XXX,XXX), 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 West Aurora School District 129 Resolution Designating Depositories 2025-06-16 (Resolution), dated June 16, 2025 from Aurora West USD 129. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Old Second Bancorp Aurora hold?

Old Second Bancorp Aurora 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 Old Second Bancorp Aurora's profile

What is Aurora West USD 129 currently buying?

Explore Aurora West USD 129's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Aurora West USD 129's profile

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