Colona Renews Four Bank ORION Certificates Of Deposit
Town of ColonaCity · IL- Disclosed value
- Estimated combined CD value of $2,008,075.06; remaining balance of CD #9902049 to be renewed: $473,592.82
- From minutes
- Document date
- Aug 24, 2026
- Renews
- Free account
The 30-second brief
Colona approved renewing four certificates of deposit with Bank ORION at a 4.00% APY. The CDs have six- and nine-month terms, with a combined estimated value of $2,008,075.06, and the Mayor and an alderman were authorized to sign.
Bank Orion holds this financial services contract with Town of Colona. Its other public contracts on record include work for Prairiecat and Cambridge CUSD 227.
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Contract details
- Contract type
- Financial Services
- Amount
- Estimated combined CD value of $2,008,075.06; remaining balance of CD #9902049 to be renewed: $473,592.82
- Document date
- August 24, 2026
- Term
- Two CDs for 6 months and two CDs for 9 months, at an APY of 4.00%
- Renews
- On record
- Vendor
- Bank Orion
- Agency
- Town of Colona
- Source document
- Colona Minutes Committee of the Whole and City Council 2026-08-24 (Minutes)
Bank Orion's other public contracts
More Town of Colona contracts
Questions about this contract
Who was awarded the financial services contract by Town of Colona?
Bank Orion was awarded this financial services contract by Town of Colona, as recorded on August 24, 2026. The contract value is Estimated combined CD value of $2,008,075.06; remaining balance of CD #9902049 to be renewed: $473,592.82.
How much is the Bank Orion contract with Town of Colona worth?
The Bank Orion contract with Town of Colona is valued at Estimated combined CD value of $2,008,075.06; remaining balance of CD #9902049 to be renewed: $473,592.82, 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 Colona Minutes Committee of the Whole and City Council 2026-08-24 (Minutes), dated August 24, 2026 from Town of Colona. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bank Orion hold?
Bank Orion 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 Town of Colona currently buying?
Explore Town of Colona's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.