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FINANCIAL_SERVICESAPPROVED

iowa-finance-authority-board-of-directors-meeting-agenda-october-1-2025_1f0.pdf

Peoples Bank Lester to Purchase $255K Hog Facility Bond

$255,000Iowa Finance AuthorityPEOPLES BANKOctober 1, 2025

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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

Description

The Iowa Finance Authority approved Resolution AG 25-059B authorizing Peoples Bank in Lester to purchase a $255,000 Agricultural Development Revenue Bond for acquisition of land and a hog confinement facility in Lyon County. Repayment will flow through a financing agreement assigned to the bank.

Contract Details

Contract Amount

$255,000

Vendor

PEOPLES BANK

Agency

Iowa Finance Authority, IA

Contract Type

FINANCIAL_SERVICES

Document Date

October 1, 2025

Contract Term

Not specified (Agricultural Development Revenue Bond standard terms apply)

Renewal Info

Single bond issuance; principal amount and terms may be adjusted before closing but no ongoing renewal or extension options are described.

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