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OF <br />THE <br />October 12th, 2012 <br />Diana Lund <br />Finance Director <br />City of Ramsey <br />7550 Sunwood Drive NW <br />Ramsey, MN 55303 <br />RE: Banking Services RFP <br />Dear Ms. Lund: <br />Thank you for allowing Bank of the West the opportunity to submit a response to The <br />City of Ramsey (the City) Request for Proposal for Banking Services. With over a <br />hundred years of banking history and extensive experience servicing government <br />agencies, Bank of the West presents the ideal combination of strength, soundness and <br />experience required to serve the complex needs of government entities. <br />Today, Bank of the West supports more than 6,077 Public Fund accounts with over $2.3 <br />billion in deposits, collateralized in accordance with state codes. Our team is staffed with <br />credentialed, experienced professionals who have significant expertise in the economic <br />challenges that government entities face today. A wide range of cash management <br />services and a seasoned banking staff form a knowledgeable, pro -active and secure <br />banking partner that will position the City to achieve its strategic goals. <br />We have reviewed the requirements contained in the RFP and there are a few points we <br />would light to highlight. <br />• If safety and soundness is one of your main objectives, we are the bank for you. <br />Please review our ratings included in this proposal. We have the ability to meet your <br />collateral requirements of 110% in accordance with Minnesota state statutes. <br />• Finding solutions and streamlining your day to day activities are our number one <br />goal. We are a community bank with big bank services, so you never have to worry <br />about outgrowing us. <br />• We have the ability to receive a daily file from your lockbox provider, Opus 21, <br />as long as the file format meets the requirements. The specifications are included in the <br />exhibits section as well as more information regarding the process of image clearing <br />services. <br />• We will agree to a one year contract with a chance to renew each year thereafter <br />as stated in your request. We will review the contact each year thereafter to make sure <br />Ramsey Branch <br />14125 St Francis Blvd I Ramsey, MN 55303 <br />T; (763) 422-1004 <br />® Member <br />LENOEN <br />Member BNP Paribas Group <br />