Agricultural Loan Participation Recommended for Farmers & Merchants
Iowa Arts Council | State of IowaState · Des Moines, IA- Disclosed value
- $200,000
- From minutes
- Document date
- Mar 25, 2026
The 30-second brief
The Iowa Agricultural Development Division recommended approval of a $200,000 loan participation involving Farmers & Merchants Savings Bank for Derek and Allison Manternach. The financing would support purchase of approximately 81 acres of agricultural land, subject to a guaranty.
Farmers & Merchants Savings Bank holds this financial services contract with Iowa Arts Council | State of Iowa. Its other public contracts on record include work for Iowa Finance Authority and Iowa Arts Council.
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Contract details
- Contract type
- Financial Services
- Amount
- $200,000
- Document date
- March 25, 2026
- Source document
- Iowa Finance Authority Minutes Iowa Agricultural Development Division Board Meeting 2026-03-25 (Minutes)
Farmers & Merchants Savings Bank's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Iowa Arts Council | State of Iowa?
Farmers & Merchants Savings Bank was awarded this financial services contract by Iowa Arts Council | State of Iowa, as recorded on March 25, 2026. The contract value is $200,000.
How much is the Farmers & Merchants Savings Bank contract with Iowa Arts Council | State of Iowa worth?
The Farmers & Merchants Savings Bank contract with Iowa Arts Council | State of Iowa is valued at $200,000, 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 Iowa Finance Authority Minutes Iowa Agricultural Development Division Board Meeting 2026-03-25 (Minutes), dated March 25, 2026 from Iowa Arts Council | State of Iowa. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Farmers & Merchants Savings Bank hold?
Farmers & Merchants Savings 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 Iowa Arts Council | State of Iowa currently buying?
Explore Iowa Arts Council | State of Iowa's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.