Banking Services

The City of Jefferson has awarded a contract to Central Bank for banking services. The contract is for a period of 5 years, starting from October 1, 2022, and ending on September 30, 2027. The scope of work includes providing banking services as set forth in the contract and attached exhibits. The City will pay Central Bank according to the rates set forth in the bank's proposal. The contract also includes provisions for termination, indemnity, and compliance with federal and local laws. Some key points to note are: • The contract is for banking services, including services such as account management and payment processing. • The contract has a term of 5 years. • The City of Jefferson has the right to terminate the contract if Central Bank fails to fulfill its obligations. • Central Bank must comply with all applicable federal, state, and local laws and regulations. • The contract includes provisions for indemnity and insurance. • The City of Jefferson and Central Bank must work together to ensure compliance with all applicable laws and regulations.