Goodhue County Awards Financial Services Contract to Merchants Bank Na (August 2026)

Goodhue County approved opening a pledged deposit account at MERCHANTS BANK, N.A. to hold all proceeds from the USDA ReConnect broadband grant. The account will be controlled under a deposit account control agreement and pledged to the federal government as collateral.

Document date · August 18, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

No explicit renewal or end date is stated; the pledged account remains in effect while grant funds are held and obligations under the Grant and Security Agreement continue.

Document type

AgendaPacket

Source document

Goodhue County AgendaPacket USDA ReConnect Program Grant 2026-08-18

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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 Na was awarded this financial services contract by Goodhue County, as recorded on August 18, 2026.

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 Goodhue County AgendaPacket USDA ReConnect Program Grant 2026-08-18 (AgendaPacket), dated August 18, 2026 from Goodhue County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Merchants Bank Na hold?

Merchants Bank Na 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 Na'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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