FINANCIAL_SERVICESPENDING

City Considers New Depository Agreement With Alerus Bank

The Finance Clerk recommended that Woodland designate Alerus Bank as its new official depository, moving the city’s banking services to an interest-bearing public funds account with initial fee waivers. Council approval would establish a new banking relationship to replace Bridgewater Bank.

Status
PENDING
Document date
July 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Alerus Bank
Agency
City of Woodland · 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 type
FINANCIAL_SERVICES
Contract term
Ongoing, interest-bearing public fund checking with first 3 months fees waived
Renewal
Alerus agrees to waive bank service fees for the first three months from the effective contract date; thereafter standard monthly fees and variable interest apply.
Document type
AgendaPacket
Source document
Woodland City Council Agenda Packet 2026-07-13

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Alerus Bank was awarded this financial services contract by City of Woodland, as recorded on July 6, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Woodland City Council Agenda Packet 2026-07-13 (AgendaPacket), dated July 6, 2026 from City of Woodland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Alerus Bank hold?

Alerus 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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