CONTRACTAPPROVED

Illinois Finance Authority | State of Illinois Awards Financial Services Contract to Umb Bank National Association (October 2026)

Illinois Finance Authority | State of Illinois logoIllinois Finance Authority | State of Illinois
Disclosed value
Up to $325,000,000 in Series 2026 bonds
From agendapacket
Approved
Oct 20, 2026

The 30-second brief

What it covers

The Illinois Finance Authority authorized UMB Bank, National Association, as bond trustee and master trustee for up to $325 million in Sedgebrook and Monarch Landing revenue bonds. The financing will support acquisition, renovation, expansion and equipment for the two continuing-care communities.

Who holds it

Umb Bank National Association holds this financial services contract with Illinois Finance Authority | State of Illinois. Its other public contracts on record include work for Magnolia Science Academy Bell District and Omaha Housing Authority.

What happens next

Term as filed: Publicly offered bonds mature no later than 10 years; Series 2026F bonds mature no later than 30 years from issuance.

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Contract details

Contract type
Financial Services
Amount
Up to $325,000,000 in Series 2026 bonds
Document date
October 20, 2026
Term
Publicly offered bonds mature no later than 10 years; Series 2026F bonds mature no later than 30 years from issuance
Source document
Illinois Finance Authority AgendaPacket Regular Meeting of Members October 20, 2026 (AgendaPacket)

Umb Bank National Association's other public contracts

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Questions about this contract

Who was awarded the financial services contract by Illinois Finance Authority | State of Illinois?

Umb Bank National Association was awarded this financial services contract by Illinois Finance Authority | State of Illinois, as recorded on October 20, 2026. The contract value is Up to $325,000,000 in Series 2026 bonds.

How much is the Umb Bank National Association contract with Illinois Finance Authority | State of Illinois worth?

The Umb Bank National Association contract with Illinois Finance Authority | State of Illinois is valued at Up to $325,000,000 in Series 2026 bonds, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Illinois Finance Authority AgendaPacket Regular Meeting of Members October 20, 2026 (AgendaPacket), dated October 20, 2026 from Illinois Finance Authority | State of Illinois. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Umb Bank National Association hold?

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

What is Illinois Finance Authority | State of Illinois currently buying?

Explore Illinois Finance Authority | State of Illinois's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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