iowa-finance-authority-board-of-directors-meeting-agenda-october-1-2025_1f0.pdf
Peoples Bank Buying $522.5K Greene County Farm Bond
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Description
The Iowa Finance Authority approved Resolution AG 25-055B authorizing Peoples Bank to purchase a $522,500 Agricultural Development Revenue Bond supporting a beginning farmer land purchase in Greene County. Bond proceeds will be loaned under a financing agreement secured by project revenues.
Contract Details
Contract Amount
$522,500
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 and other terms may be adjusted downward by agreement prior to closing but no renewal options are described.
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