FINANCIAL_SERVICESAPPROVED

City of Le Center Awards Financial Services Contract to First National Bank of Le Center (May 2026)

The City of Le Center will enter into a 365-day repurchase agreement with First National Bank of Le Center for general fund investment at 4% interest.

Status
APPROVED
Document date
May 19, 2026
Contract type
FINANCIAL_SERVICES
Vendor
First National Bank of Le Center
Agency
City of Le Center · MN

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Principal plus 4% interest (365-day agreement)
Contract type
FINANCIAL_SERVICES
Contract term
365 days
Renewal date
2027-05-19
Renewal
Annual renewal anticipated upon maturity each year.
Document type
Minutes
Source document
City of Le Center Minutes Regular Council Meeting 2026-05-19

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Le Center?

First National Bank of Le Center was awarded this financial services contract by City of Le Center, as recorded on May 19, 2026. The contract value is Principal plus 4% interest (365-day agreement).

How much is the First National Bank of Le Center contract with City of Le Center worth?

The First National Bank of Le Center contract with City of Le Center is valued at Principal plus 4% interest (365-day agreement), 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 City of Le Center Minutes Regular Council Meeting 2026-05-19 (Minutes), dated May 19, 2026 from City of Le Center. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First National Bank of Le Center hold?

First National Bank of Le Center may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View First National Bank of Le Center's profile

What is City of Le Center currently buying?

Explore City of Le Center's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Le Center's profile

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