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Kitchigami Regional Library Awards Financial Services Contract to Wadena State Bank (May 2026)

Kitchigami Regional Library logoKitchigami Regional Library
Approved
May 21, 2026
Term
Three-month period at 3.8% APY

The 30-second brief

What it covers

The Kitchigami Regional Library System board approved transferring the Bredenberg Family Trust donation for the Bemidji Library into a three‑month certificate of deposit at 3.8% APY with Wadena State Bank. The move shifts funds from a money market account to a short‑term investment vehicle for better earnings.

Who holds it

Wadena State Bank holds this financial services contract with Kitchigami Regional Library. Its other public contracts on record include work for Wadena-Deer Creek School District and Wadena County.

What happens next

Term as filed: Three-month period at 3.8% APY.

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Contract details

Contract type
Financial Services
Document date
May 21, 2026
Term
Three-month period at 3.8% APY
Vendor
Wadena State Bank
Agency
Kitchigami Regional Library
Source document
Kitchigami Regional Library System Minutes Board Meeting 2026-05-21 (Minutes)

Wadena State Bank's other public contracts

Wadena-Deer Creek School District, MinnesotaDistrict Maintains Depository Accounts With Wadena State Bank · Oct 19, 2026UndisclosedWadena County, MinnesotaCounty Reports Wadena State Bank Accounts · Sep 15, 2026$2.4MTown of Wadena, MinnesotaCity Secures Loan from Wadena State Bank for Tanker · Jul 14, 2026Town of Wadena, MinnesotaCity to Reassign Main Checking Account at Wadena Bank · Jul 14, 2026UndisclosedCity of Wadena, MinnesotaEquipment Bond Payments Made to Wadena State Bank · Feb 10, 2026$101.4KAll Wadena State Bank contractsVendor profile

More Kitchigami Regional Library contracts

Lambright, DonovanLibrary Approves Sirsi/Dynix Consultant Engagement · Jul 16, 2026UndisclosedPeople’s SecurityLibrary Approves Headquarters Security System Purchase · Jul 16, 2026$19.6KPine River State BankBoard Approves Pine River State Bank Authorization Changes · Jun 18, 2026UndisclosedAbdo SolutionsLibrary Board Approves Abdo Solutions Contract · Jun 18, 2026UndisclosedDavid Drown & AssociatesConsultant Hired for Regional Director Search · May 21, 2026UndisclosedAll Kitchigami Regional Library activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Kitchigami Regional Library?

Wadena State Bank was awarded this financial services contract by Kitchigami Regional Library, as recorded on May 21, 2026.

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 Kitchigami Regional Library System Minutes Board Meeting 2026-05-21 (Minutes), dated May 21, 2026 from Kitchigami Regional Library. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wadena State Bank hold?

Wadena 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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What is Kitchigami Regional Library currently buying?

Explore Kitchigami Regional Library's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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