Town of Washburn Awards Financial Services Contract to Farmers Security Bank (August 2026)

The City Commission will approve a pledge of securities from Farmers Security Bank to secure municipal deposits, formalizing the bank’s collateral arrangement for city funds.

Document date · August 8, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Pledge of securities term per banking agreement in 2026

Renewal

Pledge is ongoing and subject to periodic review or adjustment under the city’s depository agreements.

Document type

Agenda

Source document

Washburn City Commission Agenda 2026-08-10

Frequently asked questions

Common questions about this contract, answered from the record.

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

Farmers Security Bank was awarded this financial services contract by Town of Washburn, as recorded on August 8, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Washburn City Commission Agenda 2026-08-10 (Agenda), dated August 8, 2026 from Town of Washburn. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Farmers Security Bank hold?

Farmers Security 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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