Illinois BidBuy #27-560IFA-IFA56-B-53151

Award for Bank Custodian Services to Amalgamated Bank of Chicago

This award notice announces the selection of Amalgamated Bank of Chicago to provide Bank Custodian Services for the Illinois Finance Authority (IFA). - Government Buyer: - Illinois Finance Authority (IFA) - OEMs and Vendors: - Amalgamated Bank of Chicago (awardee and sole vendor) - Products/Services Requested: - Bank Custodian Services for agency assets - Includes legal and financial services related to bond issuance - 12-month service period - Quantity: 12 months - Unique or Notable Requirements: - Services involve management of agency assets and support for bond issuance - Contract value is $25,000 - Procured under an exemption from the Illinois Procurement Code - No other OEMs or vendors referenced - Additional Information: - Award notice includes a downloadable document related to the services

Description

This notice is an award announcement for Bank Custodian Services for the Illinois Finance Authority (IFA) for a 12-month period from August 1, 2026, to July 31, 2027. The services pertain to managing agency assets with a contract value of $25,000. The award was made to Amalgamated Bank of Chicago under an exemption from the Illinois Procurement Code. The procurement involves legal and financial services related to bond issuance. The notice includes contact information and a downloadable document related to the bank custodian services.

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