Award
City of Toledo PlanetBids #10007963
Banking Services Contract for City of Toledo
Recipient
Fifth Third Bank
Awarded
March 11, 2026
Identifier
10007963
The City of Toledo Department of Finance, Division of Treasury, awarded a three-year contract to Fifth Third Bank for primary centralized depository and custodian banking services, utilizing the Ohio Pooled Collateral System (OPCS) as the secondary custodian, with services commencing on January 1, 2026, and covering the years 2026 through 2028. The contract includes management of multiple city accounts, collateralization requirements, online banking capabilities, and custodial services for investment securities, with detailed scope and procedural instructions outlined in the solicitation documents. The procurement involved detailed evaluation criteria, compliance with Toledo Municipal Code Chapter 192 and Chapter 187, and required submission through the City of Toledo’s PlanetBids portal.
Description
The City of Toledo Department of Finance, Division of Treasury awarded a contract for primary centralized depository/custodian banking services for the calendar years 2026 through 2028. The contract was awarded to Fifth Third Bank. The contract duration is three years starting January 1, 2026. The services include provision of primary centralized depository/custodian services utilizing the Ohio Pooled Collateral System (OPCS) as the secondary custodian. The solicitation number was 10007963, with proposals submitted electronically via the City of Toledo’s PlanetBids website. The bid response deadline was August 19, 2025, and the award date was March 11, 2026.