Rochester to investigate using local banks in 2014

I noted the irony that the city council would again offer no bid business to US Bank and Wells Fargo on the very same day that they were involved in a multi-billion dollar fraud settlement.  I asked that we consider using local banks.  Staff has honored my request and will look at this next year.

Mayor/Council: You had requested that Dale consider a request for proposals for the City’s banking needs in order that a “local” banking institution be awarded the opportunity to compete to provide the city’s banking needs. The attached memo from Dale Martinson recommends that a request for proposals be a part of the Finance Department’s 2014 work program. Stevan

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