CONTRACTAPPROVED

Waterloo Community School District Awards $20,000,000 Line Of Credit Contract to Farmers State Bank (August 2025)

Disclosed value: $20,000,000; From minutes
Approved: Aug 25, 2025

What it covers

Board of Education approved an increase in the line of credit with Farmers State Bank from $10 million to $20 million to assist the District with short-term cash flow management needs.

Who holds it

Farmers State Bank holds this line of credit contract with Waterloo Community School District. Its other public contracts on record include work for Des Moines Area Community College and Iowa Finance Authority.

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Contract details

Contract type: Line Of Credit
Amount: $20,000,000
Document date: August 25, 2025
Term: NA
Vendor: Farmers State Bank
Agency: Waterloo Community School District
Source document: waterloo-community-school-district-meeting-minutes-august-25-2025_558.pdf (Minutes)

Farmers State Bank's other public contracts

Des Moines Area Community College, IowaDMACC Reports Farmers State Bank Account · Oct 11, 2026$6M Iowa Finance Authority, IowaAgricultural Revenue Bond Sold to Farmers State Bank · Oct 7, 2026$300K Iowa Finance Authority, IowaFarmers State Bank Receives Loan Participation Approval · Oct 6, 2026$200K Iowa Finance Authority, IowaFarmers State Bank Purchases Agricultural Bond · Oct 6, 2026$300K Iowa Finance Authority, IowaAgricultural Loan Issuance Proposed With Farmers State Bank · Sep 25, 2026$300K All Farmers State Bank contractsVendor profile

More Waterloo Community School District contracts

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Questions about this contract

Who was awarded the line of credit contract by Waterloo Community School District?

Farmers State Bank was awarded this line of credit contract by Waterloo Community School District, as recorded on August 25, 2025. The contract value is $20,000,000.

How much is the Farmers State Bank contract with Waterloo Community School District worth?

The Farmers State Bank contract with Waterloo Community School District is valued at $20,000,000, covering line of credit work.

What type of contract is this?

This is a Line Of Credit contract, documented as a minutes record.

Where was this contract approved?

This contract appears in waterloo-community-school-district-meeting-minutes-august-25-2025_558.pdf (Minutes), dated August 25, 2025 from Waterloo Community School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Farmers State Bank hold?

Farmers 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.

What is Waterloo Community School District currently buying?

Explore Waterloo Community School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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