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Chickasaw County board approves $600,000 loan note from Northeast Security Bank
Summary
The Chickasaw County Board of Supervisors on Oct. 28 approved Resolution 10-28-25-48 to accept a $600,000 general obligation capital loan note from Northeast Security Bank (Fredericksburg) at 3.35% after county financial advisor Travis Squires presented three bank bids; the motion passed 5-0.
The Chickasaw County Board of Supervisors on Oct. 28 approved Resolution 10-28-25-48 to accept a $600,000 general obligation capital loan note from Northeast Security Bank of Fredericksburg, Iowa. The board voted unanimously, 5-0, to approve the county’s acceptance of the bank proposal.
County financial advisor Travis Squires of Piper Sandlin and Company told the board the county received three proposals for the $600,000 note: Fidelity Bank at 4.00%, Huntington Bank at 3.98%, and Northeast Security Bank at 3.35%. "The Northeast Security Bank proposal…is one of the lowest rates we've seen on…
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