City to issue RFP for banking services, citing fees and service issues with current provider
Finance staff told the council the city will issue a request for proposals for banking services in early September, pointing to transaction fees, cash‑deposit charges, and positive‑pay/processing problems after a recent bank conversion as driving factors. Staff said any recommendation will return to council before a contract award.
The full story
The finance director told council the city will issue a request for proposals for banking services at the start of September and seeks a more responsive local banking partner. He described a range of operational frustrations with the current bank, including transaction fees (even on cash deposits) and problems created when Columbia Bank converted systems after acquiring the prior bank.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in