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City Holds Multi-Million Reliance Bank CD Portfolio

Town of O'Fallon
Disclosed value
$5,253,303.42
From report
Document date
Mar 31, 2019

The 30-second brief

What it covers

The City of O'Fallon holds three large certificates of deposit with Reliance Bank totaling about $5.25 million, with staggered maturities from August 2019 to February 2020 and APYs up to 2.65%. These deposits anchor a significant portion of the City's investment portfolio.

Who holds it

Reliance Bank holds this financial services contract with Town of O'Fallon. Its other public contracts on record include work for Altoona Area SD and State College Area SD.

What happens next

Term as filed: Matures 08/04/2019, 10/14/2019, and 02/04/2020.

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Contract details

Contract type
Financial Services
Amount
$5,253,303.42
Document date
March 31, 2019
Term
Matures 08/04/2019, 10/14/2019, and 02/04/2020
Vendor
Reliance Bank
Agency
Town of O'Fallon
Source document
town-of-o-fallonreport2019-03-31_31b.pdf (Report)

Reliance Bank's other public contracts

Altoona Area SD, PennsylvaniaGeneral Fund CD Reported With Reliance Bank · Jul 31, 20263,000,000.00Altoona Area SD, PennsylvaniaGeneral Fund CD Reported With Reliance Bank · Jul 31, 20263,000,000.00State College Area SD, PennsylvaniaReliance Bank Named as District Depository · Jun 1, 2026UndisclosedAltoona Area SD, PennsylvaniaShort-term General Fund investment at Reliance Bank · May 31, 2026$3MGreater Altoona Career & Technology Center, PennsylvaniaGACTC Approves Reliance Bank Depository · May 26, 2026UndisclosedAll Reliance Bank contractsVendor profile

More Town of O'Fallon contracts

Illinois AmericanO’Fallon Continues Water Purchases Through Illinois American · Apr 20, 2026UndisclosedBs&a CloudO’Fallon Plans BS&A Cloud Financial Software Replacement · Apr 20, 2026UndisclosedBallard* King & AssociatesFeasibility Study Contract for Family Sports Park · Aug 11, 2025UndisclosedAllyson Group IncCity to consider redevelopment agreement with Allyson Group · Aug 11, 2025UndisclosedFull Circle Automotive ServiceCouncil Considers Redevelopment Deal With Auto Shop · Aug 4, 2025UndisclosedAll Town of O'Fallon activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Town of O'Fallon?

Reliance Bank was awarded this financial services contract by Town of O'Fallon, as recorded on March 31, 2019. The contract value is $5,253,303.42.

How much is the Reliance Bank contract with Town of O'Fallon worth?

The Reliance Bank contract with Town of O'Fallon is valued at $5,253,303.42, 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 town-of-o-fallonreport2019-03-31_31b.pdf (Report), dated March 31, 2019 from Town of O'Fallon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Reliance Bank hold?

Reliance 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 Town of O'Fallon currently buying?

Explore Town of O'Fallon's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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