Collateralization Agreement Approved with Grundy Bank
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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.
More from GRUNDY BANK
More from Town of Erienna
Erienna Township Regular Monthly Board Meeting Minutes 2026-05-11
Erienna Township Regular Monthly Board Meeting Minutes 2026-05-11
Erienna Township Regular Monthly Board Meeting Minutes 2026-05-11
Erienna Township Regular Monthly Board Meeting Minutes 2026-05-11
Erienna Township Regular Monthly Board Meeting Minutes 2026-05-11
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