Description
This solicitation seeks a full‑service banking partner to manage Yellowstone County’s custodial funds, daily cash sweeps, deposit and disbursement processing, ACH and wire services, positive‑pay, and related reporting. The winning bank must be FDIC‑insured, capable of securing deposits above FDIC limits, and able to integrate daily cleared‑check uploads with the County’s School ERP Pro system. Key service volumes include roughly 7,500 checks per month, 1,750 ACH transactions, and multiple wire transfers, with an average collected balance of about $19 million and an estimated $9 million annual sweepable balance. The contract term is five years beginning Dec 1 2026, with fees fixed for the first three years and a possible extension by mutual agreement. Evaluation will be based on operational capability, transition experience, and fee competitiveness.