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Finance Committee Minutes September 7, 2021 <br />City of San Leandro Page 2 <br /> <br /> <br /> <br />2. DISCUSSION ITEMS <br /> <br />2.A 21-493 Staff Report for Discussion on Commercial Banking Services <br /> <br />Finance Director, Susan Hsieh presented background information regarding <br />Commercial Banking Services. <br /> <br />In December 2018, the City issued a request for proposals(RFP) for banking <br />services. The City received three proposals from Bank of the West, JP Morgan <br />Chase, and Wells Fargo Bank. <br /> <br />At that time, Bank of the West was favored to be the choice in banking services, <br />however, their online system services did not support the needs of the City, and due to <br />staff turnover, the City did not proceed to make the change. <br /> <br />Currently, the proposals previously presented have expired. Staff recommends to <br />reopen the RFP process. <br /> <br />The Committee supported staff’s recommendation. <br /> <br />Council member Ballew recommended that what was previously laid out in terms of <br />banking services being offered remained as guidelines for when looking for a Bank. <br />I.E. Banking with a bank that is local and within San Leandro, permitting that they can <br />support the services needed by the City. <br /> <br />2.B 21-500 Staff Report for Discussion on the Section 115 OPEB (Other <br />Post-Employment Benefits) Trust Investment Report for the Quarter <br />Ended June 30, 2021 <br />Attachments: OPEB Trust Investment Report 2Q21 <br />Presentation - OPEB Trust Annual Review FY21 <br />87