Iowa Finance Authority Awards $87,925 Financial Services Contract to Peoples Bank (August 2026)

The Iowa Agricultural Development Division Board approved an $87,925 Beginning Farmer Loan Program application with Peoples Bank. The 30-year variable-rate loan will help Chad Brandon Keller purchase an undivided one-half interest in agricultural land and a house in Guthrie County.

Document date · August 26, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$87,925

Contract type

FINANCIAL_SERVICES

Contract term

30 years; 5.29% variable interest rate

Renewal date

2056-08-26

Renewal

30-year loan term; variable interest rate based on 80% of 3.00% over the five-year Federal Home Loan Bank of Des Moines Advance rate.

Document type

Minutes

Source document

Iowa Finance Authority Minutes Iowa Agricultural Development Division Board Meeting August 26, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

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

Peoples Bank was awarded this financial services contract by Iowa Finance Authority, as recorded on August 26, 2026. The contract value is $87,925.

How much is the Peoples Bank contract with Iowa Finance Authority worth?

The Peoples Bank contract with Iowa Finance Authority is valued at $87,925, 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 Peoples Bank hold?

Peoples 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.

View Peoples Bank's profile

What is Iowa Finance Authority currently buying?

Explore Iowa Finance Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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