Comprehensive Banking Services

This contract is for Comprehensive Banking Services, which includes depository services, cash logistics, procurement cards, and merchant banking. The contract was awarded to Huntington Bank, Loomis Armored, J.P. Morgan Chase, and US Bank/Elavon. The scope of work includes providing banking services to Cleveland Metroparks, including deposit accounts, cash handling, credit card processing, and procurement cards. The contract has a term of 5 years, from October 1, 2020 to September 30, 2025. Some key features of the contract include: * Huntington Bank will provide depository services, including deposit accounts and cash handling * Loomis Armored will provide smart safe and armored carrier services * J.P. Morgan Chase will provide procurement cards and related services * US Bank/Elavon will provide select credit card processing services * The contract has an estimated total cost of over $157,035 over the 5-year period, with fees subject to change depending on banking needs and other considerations. Some benefits of this contract include: * Improved banking services for Cleveland Metroparks * Enhanced security and risk management * Increased efficiency and cost savings * Better customer service and support * Alignment with Cleveland Metroparks' core values of inclusion, diversity, sustainability, integrity, guest focus, teamwork, and professionalism.