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REQUEST FOR PROPOSALS FOR BANKING SERVICES <br /> <br /> <br />The City of San Leandro desires to solicit qualified proposals for Banking Services for its bank accounts and related depository and cash management services in accordance with this Request for <br />Proposals (RFP). Award resulting from this RFP will be a fixed contract with an initial term of <br />_______________, through _______________. <br /> <br />I. INTRODUCTION <br />San Leandro offers residents the quiet charm and character of a community that has existed for 145 <br />years. A well-established community with a population of 88,329 that has continued to grow since <br />incorporation on March 21, 1872, San Leandro is proud of the many people and cultures that have <br />contributed to its growth and development. <br />There are many special features San Leandro has to offer, including: <br />• Diverse economic base including neighborhood coffeehouses and fine restaurants, large <br />food processing centers, regional shopping opportunities, and cutting-edge technology <br />• Unique “town” atmosphere and strong sense of community pride <br />• Distinctive neighborhoods with mature street trees and well-manicured gardens, a variety of <br />architectural styles, special events and clusters of neighborhood-serving shops <br />• Home to approximately 46,900 jobs – from retail and service to high-tech, manufacturing <br />and health service specialties. <br /> <br />II. BACKGROUND <br /> The City of San Leandro currently maintains a primary commercial banking relationship with one <br />depository institution. The City has determined that a review of the services offered by qualifying <br />institutions is appropriate at this time. It is the City’s preference to maintain all commercial banking <br />services with one financial institution to maximize cash flow and minimize administrative costs. The City of San Leandro seeks proposals from Financial Institutions interested in providing banking services for the City. We encourage financial institutions to submit the most comprehensive proposal <br />possible offering the highest quality of service while providing opportunities for improving the <br />current management of cash flow. The City is also interested in various technological advances that <br />could improve banking, cash management, and customer service capabilities. This RFP does not cover institutional custody services or corporate trust services. <br /> <br />III. OBJECTIVES AND QUALIFYING REQUIREMENTS <br /> The intent of this RFP is to identify a financially secure federal or state institution that can offer the highest quality of service at the lowest overall cost to the City of San Leandro. The City plans to <br />establish a five-year contract commencing Month, 2018, with an option to renew for an additional <br />five years. The City desires fixed pricing for the three-year contract period. Prices in subsequent years <br />shall be negotiated based on satisfactory customer service. <br />251