(1) Vendor needs to provide banking services to the government authority located in Mountain Home, AR.– Provide bank services should include:1. Full service on all accounts.2. Check forms and deposit slips on all accounts, which are in a format agreeable to the agency, and which are compatible with the agency’s check printing software.3. Month–end statements on all accounts.4. Investment counsel, prompt execution of agency investment orders, and safekeeping service.5. Pledged federal and state securities of the bank’s choice, over and above the insurance to cover large investments. Monitor the securities balance to ensure sufficient collateralization. A cushion of $1 million dollars above daily balances is desired.6. Electronic check reconciliation files (including positive pay) compatible with the agency’s bookkeeping software, and ability to work directly with state software staff with implementation or updates of applications.7. Processing and administration of electronic direct deposit payrolls and related payments.8. Safe deposit box.9. Vault storage facilities.10. At district request, automatic electronic drafts, wires, or other ACH transactions to or from state or federal agencies.11. Stop payment services.(2) The contract period will be for three years.
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