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Beecher board agrees to issue RFP to choose municipal banking services
Summary
After an uneven outreach process to banks, the Village Board voted to develop and issue a request for proposals (RFP) for municipal banking services and requested staff involvement in defining requirements.
Village officials told the board on July 28 that earlier attempts to compare bank proposals had been uneven and the village attorney recommended issuing a request for proposals to standardize submissions. The board agreed by consensus to send an RFP and asked staff from finance to help define the village’s operational requirements. Market president Michael Bryan of Midland States Bank attended the meeting…
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