The bank shall be a full service financial institution.
The bank shall insured by the Federal Depositors Insurance Corporation (FDIC)
The bank shall certify compliance with the Gramm-Leach Billey Act (GLA) to safeguard financial information
The bank shall be authorized to provide banking services in the Commonwealth of Kentucky.
The bank should have at minimum one (1) full service branch/office located in Frankfort, Kentucky. The branch/office shall be capable of:
Accepting daily deposits
Providing lockable deposit bags and canvas or other suitable bags for the collection of coins
Night depository services
The bank shall be capable of converting foreign currency to US dollars.
The bank shall have security measures and a disaster recovery plan in place to safeguard the University's deposits and financial information.
The purpose of the Offeror Qualifications section is to determine the ability of the offeror to respond to this RFP. Offerors should describe and offer evidence of their ability to meet each of the qualifications listed below.
Our supply chains and business partnerships are an important aspect of this work. In your proposal, please (A) provide your company's mission and vision relative to sustainability, and (B) how your company, through services, products, and partnerships, will help the Kentucky State University advance specific elements of the Sustainability Strategic Plan.
Indicate whether your organization is defined as “Well Capitalized” by the FDIC with total risk-based capital ratio equal to or greater than 10% and tier 1 risk-based capital ratio equal to or greater than 8%, and common equity tier I capital ratio equal to or greater than 6.5% and leverage ratio equal to or greater than 5%.
Complete the following table with current credit ratings by Standard & Poor's and Moody's. If the bank is not rated by these organizations, provide other evidence of the institution's financial strength and compliance.
| Firm/Bank | Standard and Poor's Rating | Moody's Rating |
|---|
| Short-term Unsecured Senior Debt | | |
| Long-Term Unsecured Senior Debt | | |
| Bank Holding Company | | |
| Short-term Unsecured Senior Debt | | |
| Long-Term Unsecured Senior Debt | | |