The Marshall County Board of Finance met Monday morning prior to the Commissioners meeting to accept the Requests for Proposals for Marshall County’s cash management system. Every two years the county puts out RFP’s as required by state statute. The time period they are looking for is January 1, 2021 to December 31, 2022.
Members of the County Board of Finance include the three commissioners: Kevin Overmyer, Stan Klotz and Mike Burroughs along with the county Treasurer Angie Birchmeier.
Financial institutions submitting proposals included 1st Federal Savings Bank, 1st Farmers Bank & Trust, Teachers Credit Union, Lake City Bank, Centier Bank and 1st Merchants Bank. It was noted that 1st Source Bank, PNC Bank and Key Bank did not submit any proposals.
The RFP’s were taken under advisement at the meeting. The County Treasurer will review all six proposals from the financial institutions which are located in the county and create a spread sheet to present to the Board of Finance on October 19th.