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FINANCIAL_SERVICESAPPROVED

Erienna Township Regular Monthly Board Meeting Minutes 2026-05-11

Collateralization Agreement Approved with Grundy Bank

Town of EriennaGRUNDY BANKMay 11, 2026

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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

Description

The board approved a collateralization agreement with Grundy Bank to secure township deposits above FDIC limits at no additional cost.

Contract Details

Vendor

GRUNDY BANK

Agency

Town of Erienna, IL

Contract Type

FINANCIAL_SERVICES

Document Date

May 11, 2026

Renewal Info

Agreement covers township accounts exceeding FDIC limit; securities pledged and monitored monthly, no stated renewal or expiration date.

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