Chino Planet bids #2026-0006

City of Chino Solicits Proposals for Comprehensive Banking and Treasury Management Services

The City of Chino, California is seeking a qualified financial institution to provide comprehensive municipal depository banking and treasury management services. - Government Buyer: - City of Chino, Finance Department (San Bernardino County, CA) - OEMs and Vendors Mentioned: - Notable banks and financial institutions identified as likely bidders include Citizens Business Bank, HCN Bank, JPMorgan Chase Bank, Kambrian Corporation, U.S. Bank, and Wells Fargo Bank - Products/Services Requested: - Municipal depository banking services: - Demand deposit accounts - Interest-bearing accounts - Zero balance account structures - Account reconciliation and reporting - Electronic statements and secure online access - Safekeeping/custody services - Deposit processing - Treasury management services: - Online banking with administrative controls - ACH origination and receipt - Wire transfers - Positive Pay - Remote deposit capture - Fraud prevention and stop payments - Account analysis - Lockbox and merchant card services - Unique or Notable Requirements: - All public deposits must be collateralized per California Government Code - Proposers must be FDIC insured and authorized to operate in California - Required technology and security features include multi-factor authentication, data encryption, role-based access, SOC 1/2 audit reports, and incident response procedures - Dedicated municipal relationship manager, defined service response standards, annual service reviews, and proactive fraud alerts - Estimated activity: 5 active bank accounts, $554,600 average monthly balance, thousands of transactions annually - Experience with California public agencies required - Contract Term: - Initial term of five years with an option for an additional five years at the City's discretion

Description

The City of Chino is soliciting proposals from qualified financial institutions to provide comprehensive municipal depository banking and treasury management services. The contract will be awarded based on best overall value considering qualifications, service capabilities, financial strength, technology, and pricing. The selected institution will provide full-service municipal banking including demand deposit accounts, treasury management services, technology and security features, and dedicated municipal client support. Proposals must be submitted electronically via PlanetBids by April 16, 2026.

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