Fontana Planet bids #FIN-26-232-SP

City of Fontana Commercial Banking Services Solicitation

The City of Fontana is seeking proposals from qualified financial institutions to provide comprehensive commercial banking services. - Government Buyer: - City of Fontana, Purchasing Division - OEMs and Vendors Mentioned: - Bank of America (current provider) - J.P. Morgan Chase Bank, N.A. - Wells Fargo Bank - Products/Services Requested: - Commercial banking services including: - Demand deposit accounts - ACH and wire transfers - Payroll tax processing - Overnight sweep - Balance and detail reporting - Controlled disbursement - Merchant bankcard processing - Electronic direct payment services - E-commerce solutions - Fraud prevention - Cybersecurity - Business continuity planning - Treasury management technologies - Unique or Notable Requirements: - Preference for FDIC-insured banks and Federal Reserve System members - Emphasis on technology, security, and dedication to government markets - Proposals must cover the full scope of the banking relationship - Electronic submission required - Excludes treasury investment and corporate trust services - Contract term is five years with two optional renewal years - Pricing fixed for five years, limited increases in option years - Place of Performance: - City of Fontana, California

Description

The City of Fontana is soliciting proposals for commercial banking services to review and potentially consolidate banking services with one financial institution to maximize cash flow and minimize administrative expenses. The scope excludes treasury related investment services and corporate trust services. The City reserves the right to award multiple contracts if deemed in its best interest. Proposals must cover the entire scope of the banking relationship outlined in the solicitation.

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