Silver Creek Discusses $1.5 Million Park State Bank Loan
Town of Silver CreekCity · MN- Disclosed value
- $1.5 million; estimated annual payments of $147,113.15 for 15 years or $123,083.13 for 20 years
- From minutes
- Document date
- Oct 6, 2026
The 30-second brief
Silver Creek discussed preliminary financing from Park State Bank for the Hall Restoration Project. The bank offered an estimated $1.5 million loan at 5.265% interest, with a possible 15-year or 20-year repayment schedule; no final approval was reported.
Park State Bank holds this financial services contract with Town of Silver Creek. Its other public contracts on record include work for City of Keewatin and THE HRA OF HIBBING, MINNESOTA.
Term as filed: 15 years or 20 years at an estimated 5.265% interest rate.
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Contract details
- Contract type
- Financial Services
- Amount
- $1.5 million; estimated annual payments of $147,113.15 for 15 years or $123,083.13 for 20 years
- Document date
- October 6, 2026
- Term
- 15 years or 20 years at an estimated 5.265% interest rate
- Vendor
- Park State Bank
- Agency
- Town of Silver Creek
- Source document
- Town of Silver Creek Minutes Committee of the Whole Meeting 2026-10-06 (Minutes)
Park State Bank's other public contracts
More Town of Silver Creek contracts
Questions about this contract
Who was awarded the financial services contract by Town of Silver Creek?
Park State Bank was awarded this financial services contract by Town of Silver Creek, as recorded on October 6, 2026. The contract value is $1.5 million; estimated annual payments of $147,113.15 for 15 years or $123,083.13 for 20 years.
How much is the Park State Bank contract with Town of Silver Creek worth?
The Park State Bank contract with Town of Silver Creek is valued at $1.5 million; estimated annual payments of $147,113.15 for 15 years or $123,083.13 for 20 years, 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 Town of Silver Creek Minutes Committee of the Whole Meeting 2026-10-06 (Minutes), dated October 6, 2026 from Town of Silver Creek. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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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.
What is Town of Silver Creek currently buying?
Explore Town of Silver Creek's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.