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III. Letter of Transmittal: <br /> <br />We received your letter seeking proposals from fman¢ial institutions to provide <br />banking and depository services to the City of Ramsey. Village Bank welcomes <br />the opportunity to provide financial services to the City ofRamsey as-,outlined-in <br />your RFP. <br /> <br />Village Bank offers an interest bearing checking account to cities.such as <br />Ramsey. ' This account allows funds to remain liquid and earn an above market <br />rate. We are proposing the following account for the City of Ramsey: <br /> <br /> · The interest rate wil'l be adjusted on the fzrst of each month to match the <br /> 4M Plus Fund rate, which is currently 3.36%. <br /> No fees will be assessed provided a $250~000 minimum balance is <br /> maintained in the account. <br /> · · Interest will be compounded daily and credited to the account monthly. <br /> <br />The following individuals are authorized to make representations to the City of <br />Ramsey on behalf of Village Bank. <br /> <br />Contacts <br /> <br />Glen Hardin <br />Senior Vice President <br />7125 Riverdale Drive <br />Ramsey, MN 55303 <br />763-398-8008 <br /> <br />Jan ILlinsing <br />Assistant Vice President <br />Office Manager, Ramsey <br />7125 Riverdale Drive <br />Ramsey, MN 55303 <br />76'3-398-8005 <br /> <br />Larry Schminski <br />President <br />9298 Central Avenue NE <br />Blaine, MN 55434 <br />763-398-3561 <br /> <br />Bill Rew <br />Chief Financial Officer <br />9298 Central Avenue NE <br />Blaine, MN 55434 <br />763-398-3567 <br /> <br />-3- <br /> <br /> <br />