Exempt-IFA- FY27- Bank Custodian Services
Active Open Market Small Purchase Illinois Awarded
- Contract number
- 27-560IFA-IFA56-P-98831
- Awardee
- Amalgamated Bank of Chicago
- Contracting organization
- IFA560 - Illinois Finance Authority
- Contract amount
- $25,000
Award facts
- Completion date
- UNSPSC codes
- 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
Show all 29
- 64101602 Money market account
- 64101603 Simple checking account
- 64111902 Principal unprotected structured financial product
- 93151609 Lotteries services
- 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
- 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
- 64101703 Money transfer application
- 84131614 Underwriting service
Award details come from bidbuy.illinois.gov. Updated .
About this award
The Illinois Finance Authority (IFA) awarded a contract to Amalgamated Bank of Chicago (Vendor ID: V00018966) under an Open Market Small Purchase procurement on August 1, 2026. The contract value is $25,000.00, with a performance period of twelve months extending from August 1, 2026 through July 31, 2027. The contract type is classified as an Open Market Small Purchase, identified as 27-560IFA-IFA56-P-98831.
The primary deliverable under this contract is Bank Custodian Services for Agency Assets, executed on a monthly basis over the twelve-month contract term. The service encompasses the safekeeping and custodial management of the IFA's financial assets, with a unit price of $2,083.33 per month. No specific place of performance is identified in the contract documentation beyond the contracting organization's location in Illinois.
Line items
| Item | Total |
|---|---|
| 12 months of Bank Custodian Services for Agency Assets (08/01/26-07/31/27) $25,000.00 | $25,000.00 |
Quick answers
Who was awarded contract 27-560IFA-IFA56-P-98831?
Contract 27-560IFA-IFA56-P-98831 was awarded to Amalgamated Bank of Chicago by IFA560 - Illinois Finance Authority on August 1, 2026.
How much is contract 27-560IFA-IFA56-P-98831 worth?
Its contract amount is $25,000.
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