BANKING AND LOCKBOX SERVICES

This solicitation seeks a qualified banking institution to provide comprehensive banking and lockbox services for the Metropolitan District of Connecticut. The contract will cover routine deposit handling, electronic lockbox processing, account management, and related financial transaction services for the district’s utility‑related revenues. The award was made to JPMorgan Chase Bank, N.A., following an open RFQ competition that closed on 21 Oct 2022 and was officially awarded on 1 Mar 2023. • Scope of work: general banking, lockbox processing, and related financial services for a public utility district. • Procurement method: RFQ (Full and Open Competition) with a single vendor award. • Awarded vendor: JPMorgan Chase Bank, N.A. (JP Morgan). • No public details on contract value, term, or renewal provisions were disclosed.