Town of Forest Awards Financial Services Contract to State Bank of Faribault (March 2026)

Forest Township approved rolling over four existing CDs and opening two new $25,000 Road and Bridge CDs at State Bank of Faribault at a 7‑month term with 3.25% interest. The board authorized Treasurer Lisa Trnka as the sole signatory for renewing and opening these certificates of deposit.

Document date · March 4, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

7-month CD at 3.25% interest; renewal and two additional $25,000 CDs

Renewal

Renewals authorized for four existing CDs and creation of two new $25,000 CDs, all with a 7‑month term at 3.25% interest; future renewals can be executed by authorized signatory Lisa Trnka.

Document type

Minutes

Source document

Forest Township Meeting Minutes March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Forest?

State Bank of Faribault was awarded this financial services contract by Town of Forest, as recorded on March 4, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Forest Township Meeting Minutes March 2026 (Minutes), dated March 4, 2026 from Town of Forest. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does State Bank of Faribault hold?

State Bank of Faribault 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 State Bank of Faribault's profile

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