Banking Services

The City of Nixa is seeking a full-service bank to provide comprehensive day-to-day depository and banking services. The selected bank will be responsible for managing the City's operating accounts, banking services, safekeeping requirements, and overnight investment of surplus cash in bank balances. The City is also seeking proposals for an optional Purchasing Card Program. The contract term will be for three years, with two additional one-year contract periods. The City reserves the right to enter into separate agreements for this optional banking service. • The City currently maintains five separate bank accounts, one of which is the main operating account to process receipts and payments. • The City's operating account includes a variety of activities consisting of various revenue receipts, such as utility receipts, tax receipts, and payments consisting of checks, wires, and EFT transfers. • The City currently has online access to all accounts with the ability to initiate ACH payments. • The selected bank must be a Federal or State of Missouri chartered institution with full-service locations within Nixa. • The bank must provide a comprehensive range of banking services, including account management, payment processing, and investment services. • The bank must have experience managing similar accounts and services with public sector and/or large commercial clients. • The bank must demonstrate financial strength, stability, and a strong reputation in the banking industry.