CONTRACTONGOING

$1 Million Loan Payment Sent to State Bank of the Lakes

Disclosed value: $1,000,000.00; From agenda
Document date: Jul 14, 2026
Term: Loan payment on June 15, 2026

What it covers

The Village of Somers wired $1,000,000.00 to State Bank of the Lakes on June 15, 2026 as part of its 2026 loan payments and agent fees. This payment is part of the village's structured debt obligations.

Who holds it

State Bank of the Lakes holds this financial services contract with Somers village. Its other public contracts on record include work for Round Lake Area Public Library District and Round Lake Beach village (pt.).

What happens next

Term as filed: Loan payment on June 15, 2026.

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Contract details

Contract type: Financial Services
Amount: $1,000,000.00
Document date: July 14, 2026
Term: Loan payment on June 15, 2026
Vendor: State Bank of the Lakes
Agency: Somers village
Source document: Village of Somers Village Board Meeting Agenda 2026-07-14 (Agenda)

State Bank of the Lakes's other public contracts

Round Lake Area Public Library District, IllinoisLibrary Discusses Transfers Involving State Bank Accounts · Oct 13, 2026Undisclosed Round Lake Beach village (pt.), IllinoisLine of credit approved with State Bank of the Lakes · Jul 20, 2026Undisclosed Round Lake Beach village (pt.), IllinoisVillage Renews $500,000 Credit Line with Local Bank · Jul 13, 2026 Lindenhurst Park District, IllinoisState Bank of the Lakes Provides Staff Meal Support · Jun 16, 2026Undisclosed Round Lake Beach village (pt.), IllinoisVillage Approves 2026 Line of Credit with Bank · Jun 15, 2026Undisclosed All State Bank of the Lakes contractsVendor profile

More Somers village contracts

Pnp BillpaymentSomers Records September PNP Bill Payments · Oct 13, 2026 All Finish Remodeling LLCSomers Considers Cleaning Agreement With All Finish Remodeling · Oct 13, 2026Undisclosed Compass MineralsSomers Considers $32,607 Road Salt Purchase · Oct 13, 2026$32.6K Lee MechanicalSomers Considers Lee Mechanical Water Project Payment · Oct 13, 2026$234.9K All Finish Remodeling LLCSomers Considers All Finish Remodeling Cleaning Agreement · Oct 13, 2026Undisclosed All Somers village activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Somers village?

State Bank of the Lakes was awarded this financial services contract by Somers village, as recorded on July 14, 2026. The contract value is $1,000,000.00.

How much is the State Bank of the Lakes contract with Somers village worth?

The State Bank of the Lakes contract with Somers village is valued at $1,000,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Village of Somers Village Board Meeting Agenda 2026-07-14 (Agenda), dated July 14, 2026 from Somers village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does State Bank of the Lakes hold?

State Bank of the Lakes 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 Somers village currently buying?

Explore Somers village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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