REQUEST FOR PROPOSAL DEPOSITORY & BANKING SERVICES FOR ACTIVE DEPOSITS
The Village of Middlefield’s current contract with the Huntington National Bank and Middlefield Banking Company for banking and cash management services will expire on or about August 1, 2025.
LEGAL NOTICE- VILLAGE OF MIDDLEFIELD, OHIO REQUEST FOR PROPOSAL
DEPOSITORY & BANKING SERVICES FOR ACTIVE DEPOSITS
The Village of Middlefield’s current contract with the Huntington National Bank and Middlefield Banking Company for banking and cash management services will expire on or about August 1, 2025. Because of the contract expiration, the Village is currently soliciting SEALED proposals for banking and cash management services for a period of not less than two (2) years, and no more than five (5) years. The Village’s intent is to award all services to the successful bidder; however, the Village retains the right to award a contract for partial services. The purpose of this RFP process is to obtain high-quality requisite depository and banking services at a competitive price.
The selected institution shall be designated as the Village’s depository for an initial three-year term commencing August 1, 2025. The depository agreement shall contain an automatic annual renewal clause that may be used in the two (2) following years, thereby providing for five (5) years of depository and banking services. The agreement may be cancelled prior to the end of each contract period upon 180 days written notice from the institution, or with 60 days written notice from the Village prior to the close of the specific contract period.
Copies of the RFP document can be obtained at Village Hall or on the Village’s website (www.middlefieldohio.com) beginning on or about June 5, 2025. Signed proposals should be submitted to the attention of the Village Fiscal Officer, Village of Middlefield in a sealed envelope. PROPOSALS ARE DUE BY 12:00 P.M. on THURSDAY, JULY 3, 2025.
Please include one original and two copies. Questions or requests for clarification may be directed to
Mr. Nicholas Giardina, Fiscal Officer
Middlefield Municipal Center
14860 North State Avenue
Middlefield, Ohio 44062
ngiardina@middlefieldohio.com
Any exceptions to the specifications of this request for proposal must be clearly stated in writing in the proposal. The Village reserves the rights to reject any and all proposals, to waive irregularities, to retain all proposals submitted, and to use any idea in a proposal regardless of whether that proposal is selected, and to cancel this proposal if doing so would be in the public interest. The Village further has the right to (i) select the proposal it deems best in the sole and absolute discretion and judgment of the Village, (11) award partial contracts to multiple banking corporations, in the Villages sole and absolute discretion and judgment, or (iii) to reject all proposals and re-submit Requests for Proposal, in the Village’s sole and absolute discretion and judgment.
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Leslie McCoy
Village Administrator
Publish
June 5, 2025
June 19, 2025