FINANCIAL_SERVICESAPPROVED

City of Murphysboro city Awards Financial Services Contract to First Bank & Trust (May 2026)

The Murphysboro City Council approved a five-year financing contract with First Bank & Trust at 4.7% interest for the purchase of a new Street Department dump truck and snow plow, totaling $88,978.00. The contract was chosen over a competing bid from First Southern Bank.

Status
APPROVED
Document date
May 26, 2026
Contract type
FINANCIAL_SERVICES
Vendor
First Bank & Trust
Agency
City of Murphysboro city · 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
$88,978.00 at 4.7% interest
Contract type
FINANCIAL_SERVICES
Contract term
5 years
Renewal date
2031-05-26
Renewal
5-year financing term, no mention of renewal or extension clauses.
Document type
Minutes
Source document
City of Murphysboro Minutes City Council Meeting 2026-05-26

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Murphysboro city?

First Bank & Trust was awarded this financial services contract by City of Murphysboro city, as recorded on May 26, 2026. The contract value is $88,978.00 at 4.7% interest.

How much is the First Bank & Trust contract with City of Murphysboro city worth?

The First Bank & Trust contract with City of Murphysboro city is valued at $88,978.00 at 4.7% interest, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Murphysboro Minutes City Council Meeting 2026-05-26 (Minutes), dated May 26, 2026 from City of Murphysboro city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Bank & Trust hold?

First Bank & Trust 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 First Bank & Trust's profile

What is City of Murphysboro city currently buying?

Explore City of Murphysboro city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Murphysboro city's profile

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