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City of Zimmerman Awards $263,014 Financial Services Contract to Bank of Elk River (July 2026)

City of Zimmerman logoCity of Zimmerman
Disclosed value
$263,014.09
From minutes
Approved
Jul 6, 2026
Term
15 months at 3.85%

The 30-second brief

What it covers

The City Council authorized investing $263,014.09 with The Bank of Elk River in a 15‑month instrument at 3.85%. This action forms part of the city’s reinvestment of matured and available funds.

Who holds it

Bank of Elk River holds this financial services contract with City of Zimmerman. Its other public contracts on record include work for City of St. Anthony and City of Otsego.

What happens next

Term as filed: 15 months at 3.85%.

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Contract details

Contract type
Financial Services
Amount
$263,014.09
Document date
July 6, 2026
Term
15 months at 3.85%
Vendor
Bank of Elk River
Agency
City of Zimmerman
Source document
City of Zimmerman Minutes Regular Council Meeting 2026-07-06 (Minutes)

Bank of Elk River's other public contracts

City of St. Anthony, MinnesotaCity Designates Bank of Elk River as Cannabis Fund Depository · Oct 13, 2026UndisclosedCity of St. Anthony, MinnesotaSaint Anthony Village Designates Bank For Cannabis Fund · Oct 12, 2026UndisclosedCity of St. Anthony, MinnesotaBank of Elk River Designated City Fund Depository · Sep 22, 2026UndisclosedCity of Otsego, MinnesotaBank of Elk River Photos Mentioned · Sep 8, 2026UndisclosedBig Lake Public School District, MinnesotaBank of Elk River Scholarship Donation Approved · Apr 22, 2026$1KAll Bank of Elk River contractsVendor profile

More City of Zimmerman contracts

Verizon WirelessZimmerman Pays Verizon for Cellular Service · Oct 17, 2026$89.6ABDOZimmerman Schedules Professional Services Payment to Abdo · Oct 17, 2026UndisclosedSAMBATEKZimmerman Considers Sambatek Road Design Payment · Oct 17, 2026$6.8KLepage & SonsZimmerman Pays Lepage for City Property Work · Oct 17, 2026$551.5WINDSTREAMZimmerman Pays Windstream for Communications · Oct 17, 2026$235.2All City of Zimmerman activityAgency profile

Questions about this contract

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

Bank of Elk River was awarded this financial services contract by City of Zimmerman, as recorded on July 6, 2026. The contract value is $263,014.09.

How much is the Bank of Elk River contract with City of Zimmerman worth?

The Bank of Elk River contract with City of Zimmerman is valued at $263,014.09, 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 City of Zimmerman Minutes Regular Council Meeting 2026-07-06 (Minutes), dated July 6, 2026 from City of Zimmerman. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Bank of Elk River hold?

Bank of Elk River 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 Zimmerman currently buying?

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

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