Newnan Civicplus #Bank Services RFP

City of Newnan Solicits Comprehensive Banking Services from Financial Institutions

The City of Newnan, Georgia is seeking proposals from qualified financial institutions to provide comprehensive banking services for its Finance Department. - Government Buyer: - City of Newnan, Finance Department, City Manager's Office - Eligible Vendors: - Only FDIC-insured, Federal Reserve member financial institutions with government banking experience and a local presence - Products/Services Requested: - Comprehensive banking services for at least 18 accounts, including: - Master depository account management - Wire transfers (compliant with Federal Reserve and NACHA standards) - Automated Clearing House (ACH) and Electronic Funds Transfer (EFT) capabilities - Payroll direct deposit and tax payment processing - Positive pay and integrated payables - Collateralization of public funds - Monthly and custom electronic reporting - Online banking and account reconciliation - Remote deposit processing (including at least two check scanners) - SmartSafe technology for cash deposits - Purchasing credit cards and merchant services - Electronic accelerated payments - Ability to add or delete accounts without penalty - Dedicated government banking team and customer service representative - Unique/Notable Requirements: - Local branch presence required - FDIC insurance and Federal Reserve membership mandatory - Experience serving government clients - Timely electronic statements and robust reporting - All City-issued checks must be honored - No specific OEMs or technology vendors named; focus is on financial institutions meeting these requirements - Period of Performance: - Initial 12-month contract with options for annual renewal - Place of Performance: - City of Newnan, Georgia (25 LaGrange Street, Newnan, GA 30263)

Description

The City of Newnan is soliciting proposals from qualified, experienced, financially sound, and responsible financial institutions to provide banking services. The selected institution will manage the City's Master Depository Account and other accounts with a dedicated governmental unit and customer service representative. Services include wire transfers, account management, reporting, and deposit processing. The City operates multiple accounts and seeks efficient cash management and specialized banking services.

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