CONTRACTAPPROVED

Union County Awards Financial Services Contract to Old National Bank (May 2025)

Union County logoUnion County
Disclosed value
Aggregate principal amount not to exceed $13,000,000
From minutes
Approved
May 21, 2025

The 30-second brief

What it covers

Union County approved up to $13 million in hospital facilities revenue bonds for the Memorial Ohio Properties III, LLC project. Old National Bank was authorized as the original purchaser, with the bonds payable from project revenues rather than county taxes.

Who holds it

Old National Bank holds this financial services contract with Union County. Its other public contracts on record include work for South Washington County School District and City of Sycamore city.

What happens next

Term as filed: Bonds mature no later than 35 years from initial delivery.

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Contract details

Contract type
Financial Services
Amount
Aggregate principal amount not to exceed $13,000,000
Document date
May 21, 2025
Term
Bonds mature no later than 35 years from initial delivery
Source document
Union County Minutes Commissioners Journal 2025-05-21 (Minutes)

Old National Bank's other public contracts

More Union County contracts

Questions about this contract

Who was awarded the financial services contract by Union County?

Old National Bank was awarded this financial services contract by Union County, as recorded on May 21, 2025. The contract value is Aggregate principal amount not to exceed $13,000,000.

How much is the Old National Bank contract with Union County worth?

The Old National Bank contract with Union County is valued at Aggregate principal amount not to exceed $13,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Union County Minutes Commissioners Journal 2025-05-21 (Minutes), dated May 21, 2025 from Union County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Old National Bank hold?

Old National 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 Union County currently buying?

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

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