FINANCIAL_SERVICESRENEWED

Town Renews $20K CD #4674 with Park State Bank

The Town of Cotton authorized reinvestment of its $20,000.00 certificate of deposit #4674 with Park State Bank at a three-month rate of 3.55%, with interest to be deposited into the parks and recreation checking account. This renews the CD upon its June 17, 2026 maturity.

Status
RENEWED
Document date
June 10, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Park State Bank
Agency
Town of Cotton · 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
$20,000.00 certificate of deposit at 3.55% for three months; interest to checking
Contract type
FINANCIAL_SERVICES
Contract term
Three-month CD at 3.55% starting June 17, 2026 (implied)
Renewal date
2026-09-17
Renewal
CD #4674 renewed for three months at 3.55% interest beginning at its June 17, 2026 maturity, with interest paid into the parks & recreation checking account.
Document type
Minutes
Source document
Town of Cotton Minutes Regular Board Meeting 2026-06-10

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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 Cotton?

Park State Bank was awarded this financial services contract by Town of Cotton, as recorded on June 10, 2026. The contract value is $20,000.00 certificate of deposit at 3.55% for three months; interest to checking.

How much is the Park State Bank contract with Town of Cotton worth?

The Park State Bank contract with Town of Cotton is valued at $20,000.00 certificate of deposit at 3.55% for three months; interest to checking, 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 Town of Cotton Minutes Regular Board Meeting 2026-06-10 (Minutes), dated June 10, 2026 from Town of Cotton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Park State Bank hold?

Park State Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Cotton currently buying?

Explore Town of Cotton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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