Civic IQ
FINANCIAL_SERVICESAPPROVED

Goodhue County Awards Financial Services Contract to Merchants Bank N.a. (May 2026)

Goodhue County authorized establishing a pledged deposit account at Merchants Bank, N.A. to hold all proceeds of the $3.21 million USDA ReConnect broadband grant. The account will be controlled under federal security agreements and pledged to the United States to secure grant obligations.

Document date · May 19, 2026

Issuing agencyGoodhue CountyVendorMerchants Bank N.a.

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
For the life of the grant funding and pledged deposit account as required by the Grant and Security Agreement
Renewal
The pledged deposit account must be maintained with a first-priority lien in favor of the United States for the duration of the grant funding and associated service obligation; no discrete renewal date is specified, and the relationship continues until RUS releases its security interest.
Document type
Agreement
Source document
Goodhue County Agreement ReConnect Program Grant and Security Agreement 2026-05-19

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Goodhue County?

Merchants Bank N.a. was awarded this financial services contract by Goodhue County, as recorded on May 19, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Goodhue County Agreement ReConnect Program Grant and Security Agreement 2026-05-19 (Agreement), dated May 19, 2026 from Goodhue County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Merchants Bank N.a. hold?

Merchants Bank N.a. may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Merchants Bank N.a.'s profile

What is Goodhue County currently buying?

Explore Goodhue County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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