Town of Forest Awards $950,000 Line Of Credit Contract to Farmers State Bank (October 2024)
Town of ForestCity · IN- Disclosed value
- $950,000
- From meeting minutes
- Approved
- Oct 14, 2024
- Term
- 2 years
The 30-second brief
Town of Forest approves a $950,000 line of credit from Farmers State Bank at a 3.95% interest rate for 2 years. This financial arrangement will provide the town with access to funds for upcoming projects and operational needs.
Farmers State Bank holds this line of credit contract with Town of Forest. Its other public contracts on record include work for Des Moines Area Community College and Iowa Finance Authority.
Term as filed: 2 years.
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Contract details
- Contract type
- Line Of Credit
- Amount
- $950,000
- Document date
- October 14, 2024
- Term
- 2 years
- Vendor
- Farmers State Bank
- Agency
- Town of Forest
- Source document
- town-of-forest-meeting-minutes-2024-10-14_da6.pdf (Meeting Minutes)
Farmers State Bank's other public contracts
More Town of Forest contracts
Questions about this contract
Who was awarded the line of credit contract by Town of Forest?
Farmers State Bank was awarded this line of credit contract by Town of Forest, as recorded on October 14, 2024. The contract value is $950,000.
How much is the Farmers State Bank contract with Town of Forest worth?
The Farmers State Bank contract with Town of Forest is valued at $950,000, covering line of credit work.
What type of contract is this?
This is a Line Of Credit contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in town-of-forest-meeting-minutes-2024-10-14_da6.pdf (Meeting Minutes), dated October 14, 2024 from Town of Forest. 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 Town of Forest currently buying?
Explore Town of Forest's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.