CONTRACTPENDING

5/3 Bank Positioned as MI Class Fund Conduit

Town of Sherman logoTown of Sherman
Document date
Dec 9, 2025

The 30-second brief

What it covers

As part of the MI Class investment option presented to Sherman Township, 5/3 Bank would serve as the conduit for moving funds between township accounts and the pool. The township has not yet approved participation or any change to its banking arrangements.

Who holds it

5/3 Bank holds this financial services contract with Town of Sherman. Its other public contracts on record include work for South Washington County School District and City of Warrenville city.

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Contract details

Contract type
Financial Services
Document date
December 9, 2025
Vendor
5/3 Bank
Source document
Sherman Township Board Minutes December 2025 (Minutes)

5/3 Bank's other public contracts

More Town of Sherman contracts

Questions about this contract

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

5/3 Bank was awarded this financial services contract by Town of Sherman, as recorded on December 9, 2025.

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 Sherman Township Board Minutes December 2025 (Minutes), dated December 9, 2025 from Town of Sherman. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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