Specifications include, but are not limited to: The City of Neosho intends to place its comprehensive banking services requirements for competitive bid within the City’s financial community. It is the intent to award a five-year contract for banking services with the option of the City to extend the contract for two additional years. The City encourages all prospective financial institution representatives to examine this RFP carefully. Qualified financial institutions are requested to submit proposals to provide services as defined in this RFP. The City expects its financial institution to be a leader and an innovator in the development and execution of financial products and services and requires these services to be of the highest quality. The City currently utilizes six (6) separate bank accounts to process receipts and payments. One of these accounts is a pooled cash account used for many activities including deposits and check writing functions. The following is a brief explanation of each account and their respective volume of activity. Two (2) of the accounts are non-interest bearing, whereas all others are interest bearing. Only three (3) accounts are set up to get an analysis statement. We would like the bidder to recommend any changes that they see appropriate.
