Awarded vendors
- Ameris Bank
Description
This contract establishes a five‑year banking and depository services relationship for Wakulla County’s operating account and up to ten additional miscellaneous accounts. The selected bank will provide same‑day availability of funds, wire transfer capability, ACH origination, remote deposit capture (RDC) for check scanning, positive‑pay file generation, online banking access for up to four users, and optional shredding services. The County requires monthly reporting of transaction volumes (approximately 12 deposits per month, 14,047 total items deposited annually) and expects the bank to maintain an average daily balance of $4.5 million for interest‑rate calculations. The award follows an open competitive RFP process, with proposals due May 22 2025 and a Notice of Intent to Award issued June 17 2025. The contract term runs August 1 2025 through July 30 2030, with up to two one‑year renewal options.
• Core services: wire transfers, ACH, remote deposit capture, positive‑pay, online banking statements, and optional shredding.
• Performance metrics: weekly cash/check deposits, monthly account‑analysis statements, and maintenance of a $4.5 M average daily balance.
• Evaluation criteria include service breadth, public‑sector experience, financial strength, cost, transition cost, courier cost, rate of return, and net cost.