The banking institution shall provide the Orange County Board of County Commissioners (Board) and the Comptroller (together as County) comprehensive banking and treasury management services. The County will maintain a contract for all requested services with a single bank for the life of the contract. Note that this contract shall not be the exclusive provider of merchant services which have varying needs throughout the County. The range of services described in detail below includes collection and deposit, concentration and disbursement, and account maintenance. to the banking institution shall affirm that the costs, terms, and conditions to be contracted will be extended to Orange County’s other constitutional officers and the Orange County Library District at their option during and for the term of the contract. The County’s objective is to maintain a banking relationship with a qualified bank to provide the services described below. Under this approach, it is essential that the banking institution and the County maintain open and frequent two-way communication, provide and receive timely responses, establish services and service levels by contract or written agreement, provide and receive fair pricing and compensation, and maintain high ethical standards.
