Governors State University
Request for Proposal: Bank Account(s) & Related Banking Services
Renewal entered into with:Vendor: First Midwest Bank
Amount: An estimated $1,200,000
Renewal: 1 of 2, 7/1/2022 through 6/30/2025
Pricing Changes:
none
Service/Product Changes:
none
Potential Future Renewals:
$1,200,000
Comments: These are bank transactional fees due to payments of tuition and credit card merchant processing fees etc.
During Spring of 2022, First Midwest Bank announced the merger with Old National Bank of Evansville, IN and will be doing business as First Midwest Bank, a Division of Old National Bank.
This award is subject to the approval of the University's Board of Trustees.
The Chief Procurement Officer for this procurement is now John Donato.
The State Purchasing Officer for this procurement is now Nicole Krneta Rogers.
The University has taken into account 30 ILCS 575/8i of the BEP Act in conducting this renewal.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
First Midwest BankGurnee, IL
- Amount: An amount not to exceed $1,200,000
- Terms: An estimated start date of 7/1/2019 through 6/30/2022
- Renewals: 2 three-year
-
Potential Future Renewals:
$2,400,000
Unsuccessful respondents (0)
Buyer for this procurement: Bettie Lewis, (708) 534-4990
State purchasing officer for this procurement: Nicole Krneta Rogers
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Amendment 2 includes questions and answers received through March 20, 2019.
Amendment 1 includes questions and answers received through March 19, 2019.
First published Thursday, March 14, 2019
Sealed proposals will be accepted below until 3:00 PM, Friday March 29, 2019:
At the following address:
Procurement
One University Parkway
University Park, IL 60484
Governors State University ("GSU" or "University") is seeking proposals for Chicago Metropolitan or South Suburban banking services for itself and the Governors State University Foundation ("GSU Foundation" or "Foundation", a University Related Organization), which may include treasury management, advisory services, and wealth management.
For instructions on how to obtain a comprehensive purchase description, disclosure or contract forms, contact:
Bettie Lewis
1 University Parkway
University Park, IL 60484
Phone: (708) 534-4990
FAX: (708) 235-3970
State Purchasing Officer - Nicole Krneta Rogers
Submit 6 copies of the response as defined in the specifications.
Vendor may expect payment thirty to sixty days after receipt of invoice, unless otherwise stated in the bid documents.
This procurement may be contingent on Board of Trustees approval.
Illinois Department of Human Rights (IDHR) eligibility number is required on all proposals, if applicable.
There is no BEP goal for this procurement.
The contract(s) for this solicitation could exceed $50,000 annually.
This transaction is subject to the State Board of Elections registration and certification requirements of Public Act 095-0971.
The State of Illinois has a policy to encourage prospective vendors to hire
qualified veterans, minorities, females, persons with disabilities and ex-offenders.
