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Iowa Finance Authority Awards $200,000 Financial Services Contract to Farmers State Bank, Algona (October 2026)

Iowa Finance Authority logoIowa Finance Authority
Disclosed value
$200,000
From resolution
Approved
Oct 7, 2026

The 30-second brief

What it covers

The Iowa Finance Authority approved a $200,000 loan participation with Farmers State Bank in Algona. The financing will support a beginning farmer's purchase of approximately 80 acres of agricultural land under the Loan Participation Program.

Who holds it

Farmers State Bank, Algona holds this financial services contract with Iowa Finance Authority.

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Contract details

Contract type
Financial Services
Amount
$200,000
Document date
October 7, 2026
Vendor
Farmers State Bank, Algona
Agency
Iowa Finance Authority
Source document
Iowa Finance Authority Resolution AG-LP 26-07 Loan Participation Program 2026-10-07 (Resolution)

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Questions about this contract

Who was awarded the financial services contract by Iowa Finance Authority?

Farmers State Bank, Algona was awarded this financial services contract by Iowa Finance Authority, as recorded on October 7, 2026. The contract value is $200,000.

How much is the Farmers State Bank, Algona contract with Iowa Finance Authority worth?

The Farmers State Bank, Algona contract with Iowa Finance Authority is valued at $200,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Iowa Finance Authority Resolution AG-LP 26-07 Loan Participation Program 2026-10-07 (Resolution), dated October 7, 2026 from Iowa Finance Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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