FINANCIAL_SERVICESAPPROVED

Michigan Department of Agriculture & Rural Development | Farm Produce Insurance Authority Awards Financial Services Contract to Pnc Bank (December 2025)

The Farm Produce Insurance Authority Board reaffirmed and formalized its existing $1 million line of credit with PNC Bank to ensure a compliant, active backup funding source for potential claims or emergencies. Updated borrowing resolutions and an incumbency certificate designate authorized MDARD representatives to execute documents on the Authority’s behalf.

Document date · December 16, 2025

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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
$1 million line of credit
Contract type
FINANCIAL_SERVICES
Renewal
Board action on December 16, 2025, formalized and corrected borrowing resolutions and the incumbency certificate to keep the PNC Bank line of credit active and compliant; specific maturity or renewal dates were not stated.
Document type
Minutes
Source document
Farm Produce Insurance Authority Board Meeting Minutes 2025-12-16

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Michigan Department of Agriculture & Rural Development | Farm Produce Insurance Authority?

Pnc Bank was awarded this financial services contract by Michigan Department of Agriculture & Rural Development | Farm Produce Insurance Authority, as recorded on December 16, 2025. The contract value is $1 million line of credit.

How much is the Pnc Bank contract with Michigan Department of Agriculture & Rural Development | Farm Produce Insurance Authority worth?

The Pnc Bank contract with Michigan Department of Agriculture & Rural Development | Farm Produce Insurance Authority is valued at $1 million line of credit, 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 Farm Produce Insurance Authority Board Meeting Minutes 2025-12-16 (Minutes), dated December 16, 2025 from Michigan Department of Agriculture & Rural Development | Farm Produce Insurance Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pnc Bank hold?

Pnc 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 Pnc Bank's profile

What is Michigan Department of Agriculture & Rural Development | Farm Produce Insurance Authority currently buying?

Explore Michigan Department of Agriculture & Rural Development | Farm Produce Insurance Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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