FINANCIAL_SERVICESONGOING

Village Invests Western Corridor Funds at Investar Bank

Hoffman Estates’ Western Corridor Fund includes a $249,567 time deposit at Investar Bank NA yielding 4.412% through May 14, 2025. The placement supports corridor project funding with secure earnings.

Document date · March 31, 2025

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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
$249,567
Contract type
FINANCIAL_SERVICES
Contract term
2024-02-14 to 2025-05-14
Renewal date
2025-05-14
Renewal
Upon maturity on May 14, 2025, the Village can renew the CD with Investar or reinvest elsewhere.
Document type
Report
Source document
hoffman-estates-department-of-finance-monthly-report-march-2025_705.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Hoffman Estates village (pt.)?

Investar Bank Na was awarded this financial services contract by Hoffman Estates village (pt.), as recorded on March 31, 2025. The contract value is $249,567.

How much is the Investar Bank Na contract with Hoffman Estates village (pt.) worth?

The Investar Bank Na contract with Hoffman Estates village (pt.) is valued at $249,567, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in hoffman-estates-department-of-finance-monthly-report-march-2025_705.pdf (Report), dated March 31, 2025 from Hoffman Estates village (pt.). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Investar Bank Na hold?

Investar Bank Na may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Hoffman Estates village (pt.) currently buying?

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