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Big Stone County adopts resolution designating depositories, authorizes investments under state law
Summary
The Board adopted Resolution 2026-01 naming banks and investment managers as county depositories and authorized the Finance & Government Services Director to make investments under M.S. §118A.01–118A.06.
The Big Stone County Board unanimously adopted Resolution 2026-01 on Jan. 6, 2026, designating Minnwest Bank of Ortonville, CenBank of Ortonville, Frandsen Bank & Trust of Clinton, First Independent Bank of Beardsley, Star Bank of Graceville, the MAGIC Fund (managed by PFM Asset Management), BNY Mellon/Pershing Advisor Solutions/Ehlers Investment Partners and US Bank/Moreton Capital Markets as official depositories and authorized brokers and investment holders.
The resolution authorizes the Finance & Government Services Director, Cindy Brehmer, to make investments of county funds in accordance with M.S. §118A.01–118A.06. The measure was moved by Commissioner Thyne, seconded by Commissioner Radermacher, and passed unanimously. The resolution text specifies that these designations remain in force until written notice of amendment or revocation is delivered to each institution.
