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1. BANK QUALIFICATIONS - In order to be considered in the selection process <br />for core banking services, the proposing financial banking institution MUST have <br />the following minimum qualifications: <br />a. Qualified Depository. Bank must be a qualified State or National public <br />depository, as defined in California Government Code Section 53630.5 and <br />must perform its obligations under this proposal in compliance with all <br />applicable federal and California state laws and regulations, statutes and <br />policies. <br />b. Federal Reserve Member. Bank must be a member of the Federal Reserve <br />System and have access to all Federal Reserve System services (e.g. check <br />processing including check 21, electronic funds transfer, safekeeping, <br />delivery and custodial services, etc.) <br />c. Federally Insured. Bank must be insured by the Federal Deposit Insurance <br />Corporation and be in good standing. <br />d. Capitalization. Bank must be adequately capitalized to accommodate the <br />City's cash and investment management needs. <br />e. Local Branch. Bank must have a full- service branch located within the City <br />of Santa Ana. <br />f. Ratings. Bank must provide their most current long -term debt rating <br />(Moody's, Standard and Poor's, and /or Fitch). <br />g. Community Reinvestment Act (CRA). Bank must be in compliance and in <br />good standing with the Community Reinvestment Act, Provide the Bank's <br />CRA rating. <br />h. Involvement with City Sponsored Programs. Bank shall demonstrate <br />that it meets, or its willingness to meet, council policy established in 1979, <br />quoted as follows: "Council policy shall be to require banks to participate in, <br />or to support City sponsored programs for community improvement in order <br />to receive City demand deposit accounts and to remain on the City's <br />depository list." Describe in detail, current or proposed participation on <br />specific projects and community involvement activity in the City of Santa <br />Ana. <br />Other information concerning the qualifications of the bank may also be included <br />at the bank's discretion and will be reviewed and considered during the selection <br />process. <br />2. Experience. The Bank's related experience in providing services comparable to <br />the City's needs. Does the Bank currently have active municipal government <br />clients in Southern California? <br />City of Santa Ana — Banking Services Page 3 <br />55E -37 <br />