Northwest Regional Library Awards Financial Services Contract to Border Bank (February 2026)
Northwest Regional LibraryLibrary District · Thief River Falls, MN- Disclosed value
- Principal and accrued interest from maturing CD reinvested; expected interest rate 3.3% APY
- From minutes
- Approved
- Feb 12, 2026
- Term
- 23 months
The 30-second brief
The Northwest Regional Library Board authorized reinvestment of principal and accrued interest from a maturing CD into a new 23‑month certificate of deposit at Border Bank at an expected 3.3% APY. This action reallocates library funds to secure favorable interest earnings over nearly two years.
Border Bank holds this financial services contract with Northwest Regional Library. Its other public contracts on record include work for City of Ranier and Badger Public School District.
Term as filed: 23 months.
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Contract details
- Contract type
- Financial Services
- Amount
- Principal and accrued interest from maturing CD reinvested; expected interest rate 3.3% APY
- Document date
- February 12, 2026
- Term
- 23 months
- Vendor
- Border Bank
- Source document
- Northwest Regional Library Board of Trustees Meeting Minutes 2026-02-12 (Minutes)
Border Bank's other public contracts
More Northwest Regional Library contracts
Questions about this contract
Who was awarded the financial services contract by Northwest Regional Library?
Border Bank was awarded this financial services contract by Northwest Regional Library, as recorded on February 12, 2026. The contract value is Principal and accrued interest from maturing CD reinvested; expected interest rate 3.3% APY.
How much is the Border Bank contract with Northwest Regional Library worth?
The Border Bank contract with Northwest Regional Library is valued at Principal and accrued interest from maturing CD reinvested; expected interest rate 3.3% APY, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Northwest Regional Library Board of Trustees Meeting Minutes 2026-02-12 (Minutes), dated February 12, 2026 from Northwest Regional Library. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Border Bank hold?
Border 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.
What is Northwest Regional Library currently buying?
Explore Northwest Regional Library's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.