Madison County Board of Commissioners Meeting Agenda Packet May 19 2026
Bank appointed to hold courthouse retainage securities
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Description
Madison County engaged Farmers State Bank to custody pledged securities used in place of retainage for the courthouse rehabilitation and addition project. The bank will manage statements, disbursements, and compliance with Montana retainage statutes under the tripartite agreement.
Contract Details
Vendor
FARMERS STATE BANK
Agency
Madison County, MT
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Renewal Info
Financial institution may terminate its obligations with 30 days’ written notice and transfer securities to another financial institution designated by the contractor and accepted by the owner; otherwise remains in effect until written notice of contract completion or termination.
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