FINANCIAL_SERVICESAPPROVED

Town of Cotton Awards Financial Services Contract to Park State Bank (July 2026)

The Town of Cotton board approved reinvesting a $20,000 certificate of deposit (#4854) at Park State Bank for three months at a 3.55% rate, directing accumulated interest to the road and bridge checking account.

Status
APPROVED
Document date
July 9, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Park State Bank
Agency
Town of Cotton · MN

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WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
3-month CD at 3.55% starting July 19, 2026
Renewal date
2026-10-19
Renewal
CD renewed for a new three-month term beginning at maturity on July 19, 2026.
Document type
Minutes
Source document
Town of Cotton Minutes Regular Board Meeting 2026-07-09

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Cotton?

Park State Bank was awarded this financial services contract by Town of Cotton, as recorded on July 9, 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 Town of Cotton Minutes Regular Board Meeting 2026-07-09 (Minutes), dated July 9, 2026 from Town of Cotton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Park State Bank hold?

Park 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 Town of Cotton currently buying?

Explore Town of Cotton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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