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City of Eveleth Awards $1,500,000 Financial Services Contract to Miners Bank (June 2026)

City of Eveleth logoCity of Eveleth
Disclosed value
$1,500,000
From minutes
Approved
Jun 15, 2026

The 30-second brief

What it covers

The Eveleth City Council approved investing $1.5 million from the General Fund into a high interest fund with Miners Bank to improve returns on city reserves. Specific term and interest rate details were not provided.

Who holds it

Miners Bank holds this financial services contract with City of Eveleth. Its other public contracts on record include work for Rock Ridge Public Schools and Town of Fayal.

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Contract details

Contract type
Financial Services
Amount
$1,500,000
Document date
June 15, 2026
Vendor
Miners Bank
Agency
City of Eveleth
Source document
Eveleth City Council Minutes 2026-06-15 (Minutes)

Miners Bank's other public contracts

Rock Ridge Public Schools, MinnesotaSchool Board Approves Miners Bank Activity Fund Signers · Sep 14, 2026UndisclosedTown of Fayal, MinnesotaKris Wilson Added to Miners Bank Accounts · Aug 18, 2026UndisclosedOntonagon village, MichiganCommission Approves Miners Bank Service Fee · Jul 21, 2026$25Town of Ellsburg, MinnesotaTown Confirms Miners Bank as Official Depository · Mar 31, 2026UndisclosedTown of Ellsburg, MinnesotaMiners Bank Remains Township Depository · Mar 31, 2026UndisclosedAll Miners Bank contractsVendor profile

More City of Eveleth contracts

David Drown Associates IncEveleth Council to Consider David Drown Wage Study Contract · Oct 19, 2026UndisclosedNorth Shore Development Company (Nsdc)Eveleth Council to Discuss NSDC Technical Assistance · Oct 19, 2026UndisclosedDavid Drown Associates IncEveleth Considers David Drown Wage Study Contract · Oct 19, 2026UndisclosedDda Human Resources IncEveleth Approves $19,500 DDA Human Resources Study · Oct 19, 2026$19.5KTke Elevator CorporationEveleth Considers TKE Elevator Repair Work Order · Oct 19, 2026UndisclosedAll City of Eveleth activityAgency profile

Questions about this contract

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

Miners Bank was awarded this financial services contract by City of Eveleth, as recorded on June 15, 2026. The contract value is $1,500,000.

How much is the Miners Bank contract with City of Eveleth worth?

The Miners Bank contract with City of Eveleth is valued at $1,500,000, 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 Eveleth City Council Minutes 2026-06-15 (Minutes), dated June 15, 2026 from City of Eveleth. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Miners Bank hold?

Miners 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 Eveleth currently buying?

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

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