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RFP 24-06-01 BANKING SERVICES 11 Certified as a “Qualified Public Depository” under Chapter 280 Florida Statutes, “Security for Public Deposits”; Member of FDIC; and Member of Federal Reserve System. The Proposer must provide a copy of the applicable license(s) or status with Firm’s response. b. The Proposer shall have a branch bank located in Sunny Isles Beach. Be a Federal or Florida chartered bank with a principal Branch office located within a ten (10) mile radius of the city of Sunny Isles Beach, Florida, from the zip code 33160. Preference may be given to proposing banks with a principal Branch office within the city limits of Sunny Isles, Beach. c. The Proposer must have received an unqualified opinion in its audited financial report for each of the last two (2) years. Proposer must provide a copy of the opinion with Firm’s response. d. The Proposer must have at least five (5) years’ experience having provided the scope of services as outlined in the RFP and provide details of this experience. The City will review the bank’s incorporation date filed on Sunbiz.org by month and year. As of the submittal due date is the period of time counted for the five-year experience. e. The Proposer shall provide reference letters for five (5) verifiable clients with a minimum of three (3) municipalities/local governments,for projects of similar scope as outlined in this RFP. Please ensure the contact information provided is up to date and accessible. Proposer must complete the Questionnaire Form # 22 to meet this requirement. f. The Proposer must submit most recent audited financial statements to substantiate the financial stability of the Proposer. Please note, financial statements are exempt from public records request. From this report, please indicate its effective date and amount of capital and surplus for your institution. Capital $ _____________________________ Surplus $ _____________________________ Total $ ___________________________ Date: 2.4 TERM OF CONTRACT This contract will commence on the first calendar day of the month succeeding approval of the contract by the City Commission, or designee, unless otherwise stipulated in the agreement; and contingent upon the completion and submittal of all required proposal documents. The projected start date is no later than October 1, 2024, after commission approval and, if necessary, including the 90-day transition period. The contract shall remainin effect for an initial term of five (5) years, 4/25/2024 Amerant can comply with these requirements Amerant can comply with these requirements Amerant can comply with these requirements Amerant can comply with these requirements Amerant can comply with these requirements 9.8B 659.7M $10.5B