Description
The County of St. Louis is seeking proposals for depository and banking services for funds held by the St. Louis County Treasurer and for funds in the custody of the St. Louis County Collector of Revenue. The selected bank will provide a range of services, including depository services, account reporting, security, and investment custody. The bank will also be required to provide information regarding transmission cutoff deadlines and costs for ACH services. The County is looking for a bank with at least three years of experience providing depository and banking services to government agencies, and with a branch location in St. Louis County, Missouri. The proposal should include a detailed pricing proposal, including monthly minimum balance requirements and stated interest rate required to offset any fees.
• The bank should have at least $1 billion in assets according to the Missouri Division of Finance or be listed with the Comptroller of the Currency (OCC).
• The bank should have experience providing similar services to governments of similar size.
• The bank should have a strong reputation and be financially stable.
• The bank should be able to provide a range of services, including depository services, account reporting, security, and investment custody.
• The bank should be able to provide information regarding transmission cutoff deadlines and costs for ACH services.