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City of Pine Awards $50,000 Financial Services Contract to Stearns Bank (August 2026)

City of Pine logoCity of Pine
Disclosed value
$50,000
From agendapacket
Approved
Aug 26, 2026
Term
9 months at 3.75% interest

The 30-second brief

What it covers

The Pine City EDA approved a $50,000 certificate of deposit with Stearns Bank. The CD carries a nine-month term and 3.75% interest rate.

Who holds it

Stearns Bank holds this financial services contract with City of Pine. Its other public contracts on record include work for City of Holdingford and Holdingford Public School District.

What happens next

Term as filed: 9 months at 3.75% interest.

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Contract details

Contract type
Financial Services
Amount
$50,000
Document date
August 26, 2026
Term
9 months at 3.75% interest
Vendor
Stearns Bank
Agency
City of Pine
Source document
City of Pine City EDA Agenda Packet 2026-08-26 (AgendaPacket)

Stearns Bank's other public contracts

City of Pine, MinnesotaPine City Transfers EDA CD From Stearns Bank · Oct 27, 2026$68.1KCity of Holdingford, MinnesotaHoldingford Claims Include Stearns Bank Payment · Oct 13, 2026$454.6City of Holdingford, MinnesotaCity Navigates Stearns Bank Buyout Impacts · Aug 10, 2026UndisclosedCity of Holdingford, MinnesotaStearns Bank buyout impacting city financial records · Jul 13, 2026UndisclosedHoldingford Public School District, MinnesotaStearns Bank Named Official District Depository · Jun 17, 2026UndisclosedAll Stearns Bank contractsVendor profile

More City of Pine contracts

EHLERSPine City Seeks Ehlers Advice on Timber Pines Financing · Oct 27, 2026UndisclosedStearns BankPine City Transfers EDA CD From Stearns Bank · Oct 27, 2026$68.1KMn PeipPine City Pays MN PEIP Health Insurance Premium · Oct 27, 2026$44.2Lincoln National LifePine City Pays Lincoln National Disability Premium · Oct 27, 2026$1.4Fryberger, Buchanan, Smith & Frederick PaFryberger Named Bond Counsel for Timber Pines Bonds · Oct 27, 2026All City of Pine activityAgency profile

Questions about this contract

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

Stearns Bank was awarded this financial services contract by City of Pine, as recorded on August 26, 2026. The contract value is $50,000.

How much is the Stearns Bank contract with City of Pine worth?

The Stearns Bank contract with City of Pine is valued at $50,000, covering financial services work.

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 City of Pine City EDA Agenda Packet 2026-08-26 (AgendaPacket), dated August 26, 2026 from City of Pine. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Stearns Bank hold?

Stearns 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 Pine currently buying?

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

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