FINANCIAL_SERVICESAPPROVED

Iowa Finance Authority Awards $160,000 Financial Services Contract to Fidelity Bank & Trust (October 2025)

The Iowa Finance Authority approved Resolution AG 25-054B authorizing a $160,000 Agricultural Development Revenue Bond purchased by Fidelity Bank & Trust to finance land and outbuilding acquisition for a beginning farmer in Delaware County. The bond proceeds will be loaned through a financing agreement secured by project revenues.

Status
APPROVED
Document date
October 1, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Fidelity Bank & Trust
Agency
Iowa Finance Authority · IA

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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
$160,000
Contract type
FINANCIAL_SERVICES
Contract term
10-year balloon with 20-year amortization on land (Loan Participation Program standard)
Renewal
Single bond issuance; no renewal terms described. Principal amount may be adjusted downward prior to closing by agreement of lender and borrower.
Document type
Agenda
Source document
iowa-finance-authority-board-of-directors-meeting-agenda-october-1-2025_1f0.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Iowa Finance Authority?

Fidelity Bank & Trust was awarded this financial services contract by Iowa Finance Authority, as recorded on October 1, 2025. The contract value is $160,000.

How much is the Fidelity Bank & Trust contract with Iowa Finance Authority worth?

The Fidelity Bank & Trust contract with Iowa Finance Authority is valued at $160,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in iowa-finance-authority-board-of-directors-meeting-agenda-october-1-2025_1f0.pdf (Agenda), dated October 1, 2025 from Iowa Finance Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Fidelity Bank & Trust hold?

Fidelity Bank & Trust 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 Fidelity Bank & Trust's profile

What is Iowa Finance Authority currently buying?

Explore Iowa Finance Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Iowa Finance Authority's profile

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