Civic IQ
INSURANCEDISCUSSED

City of Vernon Center Council Meeting Minutes March 2026

Merchant Bonding Flags Fraudulent Bonds on City Project

City of Vernon CenterMERCHANT BONDING COMPANYMarch 30, 2026

Trusted by teams at

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
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Merchant Bonding Company informed the City of Vernon Center that bonds presented for a construction project in their name were fraudulent. The company has referred the matter to its fraud department, and the City is withholding payments under the affected contract.

Contract Details

Vendor

MERCHANT BONDING COMPANY

Agency

City of Vernon Center, MN

Contract Type

INSURANCE

Document Date

March 30, 2026

Renewal Info

No valid bonding contract currently exists with Merchant Bonding Company for this project; future engagement would require properly issued bonds.

Bring us your territory.
We'll show you what is forming.

See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.

Try Civic IQ for free