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Agenda - Council - 10/13/1998
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Agenda - Council - 10/13/1998
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
10/13/1998
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VI. <br /> <br />Profile of Proposer - Provide a description of your institution's financial status, officers, <br /> <br /> and business practices and philosophy, including: <br /> <br />A) Current summary financial data, including summary income statements and <br /> balance sheets, and financial ratios. <br /> <br />B) <br /> <br />C) <br /> <br />Names and positions of officers of the local branch(s) of the institution. <br /> <br />Formally defined statement of institution's goals. <br /> <br /> Scope of Services - The City is using or considering many banking services. Please <br /> provide information relative to the availability and extent of the following services and <br /> requirements: <br /> <br />A) FDIC/FSLIC insurance on deposits at limits prescribed by law. <br /> <br />B) Pledged collateral to the Cit~, in a form acceptable under State Statutes. <br /> <br />C) Daily "sweep" to money market checking, money market savings, electronic <br /> funds transfer [ACH for payroll], and other accounts as necessary. <br /> <br />D) Depository for federal withholding and FICA taxes. <br />E) Wire transfer services. <br />F) Interest compounded daily on money market account(s). <br />G) Same day credit of deposits and incoming wire transfers. <br />I-I) Safety deposit box(es). <br />I) Lockbox services. <br />J) Competitive investment options. <br />K) Courier Services <br />L) Responsive, accurate, cooperative and courteous customer service. <br /> <br /> Other banking services should be detailed and may be considered upon submittal. <br /> <br /> <br />
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