Public Funds Signal gives government banking relationship managers and treasury officers early notice when a city, county, school district, authority or public college is likely to move its public deposits or rebid its banking services.
Get a free sampleLocal governments don't change banks often. When one does, the decision usually takes shape well before a banking services RFP is issued. The finance officer is unhappy with fees or service, a new CFO arrives, the earnings credit falls behind the market, or the treasury team wants better online banking.
By the time the RFP is posted, the incumbent knows it's coming and the banks that have been calling on the CFO have helped shape the requirements. If a bid alert is the first you hear of it, you're responding to specs written around someone else's offering, on someone else's timeline.
Find municipal deposit relationships that are likely to move, so your pipeline isn't limited to the entities you already know.
Meet the finance officer while requirements are still being written. Banks that understand the entity's needs before the RFP tend to write stronger responses.
Know which municipalities, counties, school districts and authorities are likely to change banks while other banks are still waiting for the bid notice.
Each state decides how public deposits above FDIC insurance must be secured, and those rules shape which relationships you can take on and how you price them. A few examples:
Early notice gives your team time to line up collateral and pricing before a response is due.
What these solicitations are called, what they ask for, how the timeline runs, and how practices vary from state to state.
Each alert gives you what you need to decide whether to call this week or plan for next quarter.
Change in banking relationship likely ahead of the current arrangement's end; incumbent relationship in place 9+ years. Treasury services, collateral terms and earnings credit expected to be in scope. Supporting documentation included.
Illustrative example. Entities, details and timing are fictional.
Plans cover the territory you sell into, from a metro area to several states, and include every product line. Tell us your territory when you request a sample so we can follow up with pricing for your market.
Public Funds Signal is for people at banks of every size that serve cities, counties, school districts, authorities and public colleges.
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