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Shelby Ratifies $1.5 Million Bank Loan Agreement

City of Shelby logoCity of Shelby
Disclosed value
Not to exceed $1,500,000
From minutes
Document date
Oct 6, 2026

The 30-second brief

What it covers

Shelby City Council ratified the Essential Corporate Purpose Loan Series 2025A with Shelby County State Bank. The loan is for an amount not to exceed $1.5 million and supports roadway, land, recreational, and electric projects.

Who holds it

Shelby County State Bank holds this financial services contract with City of Shelby. Its other public contracts on record include work for Shelbyville CUSD 4 and Okaw Valley CUSD 302.

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Contract details

Contract type
Financial Services
Amount
Not to exceed $1,500,000
Document date
October 6, 2026
Vendor
Shelby County State Bank
Agency
City of Shelby
Source document
Shelby City Council Minutes Council Meeting 2026-10-06 (Minutes)

Shelby County State Bank's other public contracts

Shelbyville CUSD 4, IllinoisSchool Board Approves Bank Account Signer Changes · Aug 20, 2026UndisclosedCity of Shelby, IowaCouncil to consider ambulance loan with local bank · Aug 18, 2026UndisclosedOkaw Valley CUSD 302, IllinoisShelby County State Bank named district depository · Jul 23, 2026UndisclosedOkaw Valley CUSD 302, IllinoisShelby County State Bank Named District Depository · Jul 22, 2026UndisclosedOdebolt Arthur Battle Creek Ida Grove Community Sc, IowaOABCIG Approves Shelby County State Bank Depository · Jul 13, 2026All Shelby County State Bank contractsVendor profile

More City of Shelby contracts

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Questions about this contract

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

Shelby County State Bank was awarded this financial services contract by City of Shelby, as recorded on October 6, 2026. The contract value is Not to exceed $1,500,000.

How much is the Shelby County State Bank contract with City of Shelby worth?

The Shelby County State Bank contract with City of Shelby is valued at Not to exceed $1,500,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Shelby City Council Minutes Council Meeting 2026-10-06 (Minutes), dated October 6, 2026 from City of Shelby. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Shelby County State Bank hold?

Shelby County 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 City of Shelby currently buying?

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

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