City of Newnan Banking Services RFP

The City of Newnan, Georgia is soliciting proposals from qualified, experienced, and financially sound financial institutions to provide a full range of banking services. The selected institution will be responsible for the City's Master Depository Account and other required accounts, assigning a dedicated team and a customer service representative to manage these services. The scope of work includes wire transfers (repetitive, non-repetitive, internal, ACH, EFT), direct deposit and payroll processing for approximately 343 employees, potential utilization of electronic tax payment systems, positive pay services for disbursements, integrated payables services compatible with accounting software (like Tyler Technologies), collateralization of deposits in accordance with state regulations, comprehensive reporting services and monthly statements, check cashing, online banking with cash management support, remote deposit processing, management of city purchasing credit cards, merchant services and payment card processing, interest-earning accounts, and electronic accelerated payments for vendors. Key requirements for financial institutions include having a local presence within Coweta County, being FDIC insured and a member of the Federal Reserve System, possessing the ability to accept deposits at a City location or Georgia processing center for next-day credit, offering secure online reporting systems, and demonstrating experience servicing government customers. The RFP also outlines specific submission requirements, evaluation criteria, and terms and conditions, including contract termination clauses and insurance requirements.