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

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.

Document date · May 21, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Three-month period at 3.8% APY

Renewal

Three-month CD term; renewal or reinvestment decisions will be needed at maturity.

Document type

Minutes

Source document

Kitchigami Regional Library System Minutes Board Meeting 2026-05-21

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Frequently asked questions

Common questions about this contract, answered from the record.

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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