Town of Quincy Awards Financial Services Contract to Mercantile Bank (August 2026)

Scope & details

The full contract record, as filed.

Contract amount

Up to $25,000,000

Contract type

FINANCIAL_SERVICES

Contract term

Bond funding anticipated around January 5, 2027; rate setting 60 days before funding

Renewal date

2057-01-05

Renewal

30-year bond maturity with rate adjustments in years 11 and 16; no renewal provisions stated.

Document type

Minutes

Source document

City of Quincy Minutes Regular Meeting August 31, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Quincy?

Mercantile Bank was awarded this financial services contract by Town of Quincy, as recorded on August 31, 2026. The contract value is Up to $25,000,000.

How much is the Mercantile Bank contract with Town of Quincy worth?

The Mercantile Bank contract with Town of Quincy is valued at Up to $25,000,000, 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 City of Quincy Minutes Regular Meeting August 31, 2026 (Minutes), dated August 31, 2026 from Town of Quincy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mercantile Bank hold?

Mercantile 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.

View Mercantile Bank's profile

What is Town of Quincy currently buying?

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

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