Board Sets Capital Bank Liquidity Cap And Transfer Rule
North Riverside villageCity · North Riverside, IL- Disclosed value
- Up to $500,000 kept liquid; amounts over $500,000 to be transferred
- From minutes
- Document date
- Jul 16, 2025
The 30-second brief
The Police Pension Board set a $500,000 liquidity cap for its Capital Bank account, directing that any funds above this amount be transferred to IPOPIF. This adjusts the fund’s banking and cash management strategy while preserving a local cash reserve.
Capital Bank holds this financial services contract with North Riverside village. Its other public contracts on record include work for Harris County Fwsd 51 and Fort Bend County Mud 129.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $500,000 kept liquid; amounts over $500,000 to be transferred
- Document date
- July 16, 2025
- Vendor
- Capital Bank
- Agency
- North Riverside village
- Source document
- North Riverside Police Pension Board Minutes 2025-07-16 (Minutes)
Capital Bank's other public contracts
More North Riverside village contracts
Questions about this contract
Who was awarded the financial services contract by North Riverside village?
Capital Bank was awarded this financial services contract by North Riverside village, as recorded on July 16, 2025. The contract value is Up to $500,000 kept liquid; amounts over $500,000 to be transferred.
How much is the Capital Bank contract with North Riverside village worth?
The Capital Bank contract with North Riverside village is valued at Up to $500,000 kept liquid; amounts over $500,000 to be transferred, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in North Riverside Police Pension Board Minutes 2025-07-16 (Minutes), dated July 16, 2025 from North Riverside village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Capital Bank hold?
Capital Bank 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 North Riverside village currently buying?
Explore North Riverside village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.