CONTRACTAPPROVED

Town of Granite Falls Awards $950,000 Financial Services Contract to Fm Bank (July 2026)

Disclosed value: $950,000; From minutes
Approved: Jul 6, 2026
Term: 20 years

What it covers

The Granite Falls City Council approved FM Bank's equal participation in the purchase of $950,000 in Housing Development Revenue Bonds. The 20-year bonds carry a 4.55% interest rate and may be called beginning August 1, 2031.

Who holds it

Fm Bank holds this financial services contract with Town of Granite Falls. Its other public contracts on record include work for Cologne Academy and Wheaton Area Public School District.

What happens next

Term as filed: 20 years.

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Contract details

Contract type: Financial Services
Amount: $950,000
Document date: July 6, 2026
Term: 20 years
Vendor: Fm Bank
Agency: Town of Granite Falls
Source document: City of Granite Falls Minutes Official City Council Proceedings 2026-07-06 (Minutes)

Fm Bank's other public contracts

Cologne Academy, MinnesotaFM Bank Named FY27 Depository · Jul 28, 2026Undisclosed Wheaton Area Public School District, MinnesotaFM Bank Donation to FCCLA Accepted · Jul 20, 2026$500 Wheaton Area Public School District, MinnesotaFM Bank Contributes $500 to FCCLA · Jul 20, 2026$500 City of White Lake, South DakotaFM Bank Loan and ACH/VISA Payment Reported · Jul 6, 2026$5.2K City of White Lake, South DakotaFM Bank Named Official City Financial Institution · Jun 8, 2026Undisclosed All Fm Bank contractsVendor profile

More Town of Granite Falls contracts

Citizens Alliance BankCitizens Alliance Bank to Purchase Granite Falls Housing Bonds · Jul 6, 2026$950K Neo Electrical SolutionsAirport runway lighting project awarded to Neo Electrical · Jun 15, 2026$827K North 40 Tree & LandscapingElm removal contract awarded to North 40 Tree firm · Jun 15, 2026 Action BatteryHydro plant battery purchase approved from Action Battery · Jun 15, 2026$7.7K Yes HouseYES House granted annual alcohol display permit · Jun 15, 2026 All Town of Granite Falls activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Town of Granite Falls?

Fm Bank was awarded this financial services contract by Town of Granite Falls, as recorded on July 6, 2026. The contract value is $950,000.

How much is the Fm Bank contract with Town of Granite Falls worth?

The Fm Bank contract with Town of Granite Falls is valued at $950,000, 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 City of Granite Falls Minutes Official City Council Proceedings 2026-07-06 (Minutes), dated July 6, 2026 from Town of Granite Falls. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Fm Bank hold?

Fm 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 Town of Granite Falls currently buying?

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

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