FINANCIAL_SERVICESAPPROVED

Iowa Finance Authority Awards $250,000 Financial Services Contract to Marion County State Bank (August 2026)

The Iowa Agricultural Development Division Board approved a $250,000 Beginning Farmer Loan Program application with Marion County State Bank. The 30-year variable-rate loan will help David Zachary and Lauren E. Ernst purchase approximately 80 acres of agricultural land in Marion County.

Document date · August 26, 2026

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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
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 amount
$250,000
Contract type
FINANCIAL_SERVICES
Contract term
30 years; 5.59% variable interest rate
Renewal date
2056-08-26
Renewal
30-year loan term; variable interest rate based on the bank’s one-year agricultural real estate rate.
Document type
Minutes
Source document
Iowa Finance Authority Minutes Iowa Agricultural Development Division Board Meeting August 26, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Marion County State Bank was awarded this financial services contract by Iowa Finance Authority, as recorded on August 26, 2026. The contract value is $250,000.

How much is the Marion County State Bank contract with Iowa Finance Authority worth?

The Marion County State Bank contract with Iowa Finance Authority is valued at $250,000, 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 August 26, 2026 (Minutes), dated August 26, 2026 from Iowa Finance Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Marion County State Bank hold?

Marion County State 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.

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