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CONTRACTRENEWED
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Lanark Renews $2 Million Credit Line with Bank

City of Lanark logoCity of Lanark
Disclosed value
$2,000,000
From minutes
Document date
May 19, 2026
Term
12 months
Renews
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The 30-second brief

What it covers

The City of Lanark renewed its $2,000,000 line of credit with Exchange State Bank for another 12 months under existing terms. The agreement features a variable interest rate and maintains current signatories.

Who holds it

Exchange State Bank holds this financial services contract with City of Lanark. Its other public contracts on record include work for City of Springville and City of Collins.

What happens next

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Contract details

Contract type
Financial Services
Amount
$2,000,000
Document date
May 19, 2026
Term
12 months
Renews
On record
Vendor
Exchange State Bank
Agency
City of Lanark
Source document
City of Lanark Minutes Regular Session 2026-05-19 (Minutes)

Exchange State Bank's other public contracts

City of Springville, IowaExchange State Bank Retained as Depository · Sep 8, 2026City of Collins, IowaBank Safety Deposit Fee Paid · Aug 13, 2026$12City of Exira, IowaCouncil to approve fire truck loan financing · Jul 12, 2026UndisclosedCity of Collins, GeorgiaTruck Loan Payment to Exchange State Bank Approved · Jul 9, 2026$13KAudubon County Memorial Hospital, IowaCD Reinvested After Maturity at Exchange State Bank · Jun 25, 2026$964.6KAll Exchange State Bank contractsVendor profile

More City of Lanark contracts

Fehr GrahamLanark Seeks Fehr Graham Pricing for Sewer Improvements · Sep 15, 2026UndisclosedMitchell, EdLanark Authorizes Ed Mitchell on Property Condemnation · Sep 15, 2026UndisclosedRepublic ServicesRepublic Services Loses Lanark Garbage Contract Bid · Sep 15, 2026UndisclosedBlue CrossLanark Reviews Blue Cross Health Insurance Pricing · Sep 15, 2026UndisclosedLCCLCC Scheduled to Install New Lanark Park Equipment · Sep 15, 2026UndisclosedAll City of Lanark activityAgency profile

Questions about this contract

Who was awarded the financial services contract by City of Lanark?

Exchange State Bank was awarded this financial services contract by City of Lanark, as recorded on May 19, 2026. The contract value is $2,000,000.

How much is the Exchange State Bank contract with City of Lanark worth?

The Exchange State Bank contract with City of Lanark is valued at $2,000,000, covering financial services work.

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 City of Lanark Minutes Regular Session 2026-05-19 (Minutes), dated May 19, 2026 from City of Lanark. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Exchange State Bank hold?

Exchange 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 City of Lanark currently buying?

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

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