Bank Depository Services

The City of Clermont, Florida has entered into a banking services agreement with JPMorgan Chase Bank, N.A. The agreement is for a term of 5 years, with the option to renew for an additional 3 years. The bank will provide depository services, including the establishment and maintenance of certain depository accounts, to the City of Clermont. The agreement includes provisions for pricing, term, and termination, as well as requirements for the bank to comply with Florida's Public Records Laws and to verify the work authorization status of its employees. Key aspects of the contract include: • The bank will provide banking services, including depository accounts, to the City of Clermont. • The agreement has a term of 5 years, with the option to renew for an additional 3 years. • The bank must comply with Florida's Public Records Laws and verify the work authorization status of its employees. • The agreement includes provisions for pricing, term, and termination.