Falcon Bank Loan Discussed for Library Financing
City of PaynesvilleCity · MN- Disclosed value
- Approximately $1 million loan at 4.2% interest
- From agendapacket
- Document date
- Oct 21, 2026
The 30-second brief
The Ad Hoc Library Board discussed a proposed approximately $1 million Falcon Bank loan at 4.2% interest to help finance the new library. The draft contemplated a five- to seven-year term and possible later refinancing, but no loan was approved.
Falcon Bank holds this financial services contract with City of Paynesville. Its other public contracts on record include work for Town of Wakefield and Laredo College.
Term as filed: Five to seven years, with potential later refinancing.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $1 million loan at 4.2% interest
- Document date
- October 21, 2026
- Term
- Five to seven years, with potential later refinancing
- Vendor
- Falcon Bank
- Agency
- City of Paynesville
- Source document
- City of Paynesville AgendaPacket Ad Hoc Library Board Meeting 2026-10-21 (AgendaPacket)
Falcon Bank's other public contracts
More City of Paynesville contracts
Questions about this contract
Who was awarded the financial services contract by City of Paynesville?
Falcon Bank was awarded this financial services contract by City of Paynesville, as recorded on October 21, 2026. The contract value is Approximately $1 million loan at 4.2% interest.
How much is the Falcon Bank contract with City of Paynesville worth?
The Falcon Bank contract with City of Paynesville is valued at Approximately $1 million loan at 4.2% interest, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of Paynesville AgendaPacket Ad Hoc Library Board Meeting 2026-10-21 (AgendaPacket), dated October 21, 2026 from City of Paynesville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Falcon Bank hold?
Falcon 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 Paynesville currently buying?
Explore City of Paynesville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.