Exempt-IFA- FY26- Bank Custodian Services
Ended Open Market Small Purchase Illinois Awarded
- Contract number
- 26-560IFA-IFA56-P-82965
- Awardee
- Amalgamated Bank of Chicago
- Contracting organization
- IFA560 - Illinois Finance Authority
- Contract amount
- $25,000
Award facts
- Completion date
- UNSPSC codes
- 64101602 Money market account
- 64101603 Simple checking account
- 64111902 Principal unprotected structured financial product
- 93151609 Lotteries services
- 64100000 Bank offered products
- 64111800 Entitlements or rights
- 64101700 Electronic fund transfer and payment products
- 64111900 Structured financial products
- 64111803 Purchase right
- 64111905 Over the rainbow structured product
Show all 29
- 64101703 Money transfer application
- 84131614 Underwriting service
- 64101500 Time deposit accounts
- 64111901 Principal protected structured financial product
- 64101501 Certificate of deposit CD
- 64101502 Simple savings account
- 64101702 Currency exchange application
- 64111802 Subscription right
- 64111804 Warrant
- 64000000 Financial Instruments, Products, Contracts and Agreements
- 64101600 Demand deposit accounts
- 64101601 Interest bearing checking account
- 64101701 Bill paying application
- 64101704 Over draft protection
- 64111801 Allotment or bonus right
- 64111903 Exchange traded fund ETF
- 64111904 Single structured product
- 64111906 Variable annuity
- 93151605 Government finance services
Award details come from bidbuy.illinois.gov. Updated .
About this award
The Illinois Finance Authority (IFA560) awarded a small purchase contract to Amalgamated Bank of Chicago for bank custodian services on August 1, 2025. The contract covers a 12-month period, running from August 1, 2025, through July 31, 2026, with a total contract value of $25,000.00.
The contract specifically encompasses bank custodian services for agency assets, which will be performed over the designated fiscal year. The Open Market Small Purchase contract type indicates a direct procurement method for the specified financial services. Amalgamated Bank of Chicago will serve as the prime contractor, providing custodial banking services to the Illinois Finance Authority throughout the contract performance period.
Line items
| Item | Total |
|---|---|
| 12 months of Bank Custodian Services for Agency Assets (08/01/25-07/31/26) $25,000.00 Increase | — |
Quick answers
Who was awarded contract 26-560IFA-IFA56-P-82965?
Contract 26-560IFA-IFA56-P-82965 was awarded to Amalgamated Bank of Chicago by IFA560 - Illinois Finance Authority on August 1, 2025.
How much is contract 26-560IFA-IFA56-P-82965 worth?
Its contract amount is $25,000.
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