CONTRACTAPPROVED

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

Disclosed value: $360,000 (bond principal), 4.5% interest, 10-year loan; From minutes
Approved: Jul 14, 2026
Term: 10-year loan, bi-annual debt payments
Renews: Mar 2027; Free account

What it covers

The City Council approved a $360,000 GO Equipment Certificate, Series 2026A, financed through Wadena State Bank at 4.5% interest over 10 years to purchase a 2026 Rosenbauer tanker Freightliner chassis. Bi-annual payments will follow the existing fire township and city cost allocation agreement.

Who holds it

Wadena State Bank holds this financial services contract with Town of Wadena. Its other public contracts on record include work for Wadena-Deer Creek School District and Wadena County.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every Town of Wadena contract.

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Contract details

Contract type: Financial Services
Amount: $360,000 (bond principal), 4.5% interest, 10-year loan
Document date: July 14, 2026
Term: 10-year loan, bi-annual debt payments
Renews: Free account
Vendor: Wadena State Bank
Agency: Town of Wadena
Source document: City of Wadena Minutes Regular City Council Meeting 2026-07-14 (Minutes)

Wadena State Bank's other public contracts

Wadena-Deer Creek School District, MinnesotaDistrict Maintains Depository Accounts With Wadena State Bank · Oct 19, 2026Undisclosed Wadena County, MinnesotaCounty Reports Wadena State Bank Accounts · Sep 15, 2026$2.4M Town of Wadena, MinnesotaCity to Reassign Main Checking Account at Wadena Bank · Jul 14, 2026Undisclosed KITCHIGAMI REGIONAL LIBRARY, MinnesotaBemidji Trust Funds Moved to CD at Wadena Bank · May 21, 2026Undisclosed City of Wadena, MinnesotaEquipment Bond Payments Made to Wadena State Bank · Feb 10, 2026$101.4K All Wadena State Bank contractsVendor profile

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Questions about this contract

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

Wadena State Bank was awarded this financial services contract by Town of Wadena, as recorded on July 14, 2026. The contract value is $360,000 (bond principal), 4.5% interest, 10-year loan.

How much is the Wadena State Bank contract with Town of Wadena worth?

The Wadena State Bank contract with Town of Wadena is valued at $360,000 (bond principal), 4.5% interest, 10-year loan, 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 City of Wadena Minutes Regular City Council Meeting 2026-07-14 (Minutes), dated July 14, 2026 from Town of Wadena. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Wadena State Bank hold?

Wadena 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 Wadena currently buying?

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

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