Government Contract | California
Banking Services

Bid Information


Bid Alert No: 00000429172

Bid Title: Banking Services

Agency Bid No. Title: Not Stated

Received Date: 12/02/2015

Close Date: 12/28/2015

Purchase Type: Term:

Delivery Point: Malibu, California

Delivery Date: Not Stated

Special Notices: Questions Due By 12/10/2015, Bidder Preregistration

Specifications

Specifications include, but are not limited to:1. General Requirement The City requires that the bank have a local branch network in order to meet the organizations cash management needs: Required services include: a. The bank must be a Federal or State of California chartered commercial banking institution with at least one full-service branch located within Malibu city limits. b. The bank must be a qualified depository for public funds pursuant to the applicable State of California codes. All balances must be fully collateralized through the pool collateral system required under the State of California. c. The bank must fulfill orders for currency and coin as requested.d. The bank must provide full account reconcilement, electronic fraud protection, electronic deposits and disbursements, online tax payment, online wire entry, and online stop payment placement. e. The bank must provide online reporting that includes detail reports of prior day transactions. f. Positive Pay and a sweep account are not requirements, but could be a potential component of improved efficiencies that will be considered. g. The bank must provide key measures of the banks financial strength, including ratings from nationally recognized rating service(s) and banking rating service(s). Include one copy of the banks most recent audited financial statement and one copy of the banks rating from a nationally recognized rating service.

Bid Related Documents

Download Document

Product Code: 94625

Agency Information


Issuing Agency: City of Malibu

State: California

Agency Type: State and Local

Contact: Public Works, 23825 Stuart Ranch Road, Malibu, California, 90265

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