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Morton village Awards Financial Services Contract to Better Banks (November 2026)

Morton village logoMorton village
Disclosed value
$7,500,000 promissory note at 4.10% interest
From agendapacket
Approved
Nov 2, 2026
Term
10 years
Renews
Free account

The 30-second brief

What it covers

The Village of Morton approved a $7.5 million promissory note with Better Banks to finance construction of the Queenwood Road Fire Station. The loan carries 4.10% interest over 10 years and has no prepayment penalty.

Who holds it

Better Banks holds this financial services contract with Morton village. Its other public contracts on record include work for City of Marquette Heights and Dunlap Public Library District.

What happens next

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Contract details

Contract type
Financial Services
Amount
$7,500,000 promissory note at 4.10% interest
Document date
November 2, 2026
Term
10 years
Renews
On record
Vendor
Better Banks
Agency
Morton village
Source document
Village of Morton AgendaPacket Regular Meeting 2026-11-02 (AgendaPacket)

Better Banks's other public contracts

Morton village, IllinoisMorton Approves $7.5 Million Fire Station Loan · Oct 19, 2026City of Marquette Heights, IllinoisCity Discusses Better Banks Financial Information Request · Oct 5, 2026UndisclosedCity of Marquette Heights, IllinoisCity Discusses Line of Credit From Better Banks · Sep 28, 2026UndisclosedDunlap Public Library District, IllinoisDunlap Library Reviews Banking Services with Better Banks · Sep 28, 2026Dunlap Public Library District, IllinoisLibrary Plans Better Banks Account Signature Update · Sep 27, 2026UndisclosedAll Better Banks contractsVendor profile

More Morton village contracts

Tymco IncMorton Approves TYMCO Street Sweeper Purchase · Nov 2, 2026Tazewell County Animal ControlMorton Considers Animal Control Agreement Renewal · Nov 2, 2026UndisclosedKoenig Body & Equipment IncMorton Approves Koenig Truck Equipment Proposal · Nov 2, 2026$148.8KGOVDEALSMorton Authorizes Truck Sale Through GovDeals · Nov 2, 2026UndisclosedEj EquipmentMorton Approves EJ Equipment Sweeper Proposal · Nov 2, 2026All Morton village activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Morton village?

Better Banks was awarded this financial services contract by Morton village, as recorded on November 2, 2026. The contract value is $7,500,000 promissory note at 4.10% interest.

How much is the Better Banks contract with Morton village worth?

The Better Banks contract with Morton village is valued at $7,500,000 promissory note at 4.10% interest, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Village of Morton AgendaPacket Regular Meeting 2026-11-02 (AgendaPacket), dated November 2, 2026 from Morton village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Better Banks hold?

Better Banks 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 Morton village currently buying?

Explore Morton village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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