Pam Childers

From: Sent: To: Subject:

Pam Childers Tuesday, November 01,2011 4:03 PM 'O'Brien, Todd'; 'Wright, Johnnie'; brett.barrow@regions.com; 'Harrison, Kristin'; 'Behr, Bobby'; 'leslie.skipper@wellslargo.com'; 'Diehl.Mike'; 'rmckinney@servisfirstbank.com'; 'Rodneyjackson@coastalbankandtrust.com' Request for Investment Bid - City of Pensacola

TheCitywishestoplaceapproximatelySswtforinvestment. Pleaseprovidecollateralizedratesfor12,tS,24months which can include CDs, bank money market rates or best rate investment. The rate should also be net of any FDIC or other fees you would pass on.
Please have bids emailed to me before 12noon on Thursday November 3,2011-. Sincerely,
Pam

Pamela L. Childers, CPA, CGFO

Financial Services Manager
City of Perrsacola 222 W , Main Street Pensacola, Florida Phone (850) 435-1-8L8 Fax (B50) 435-1700
pch ilders@ci. pensa cola.fl. us

CITY OF PENSACOLA BID RESPONSE 11t7 t11

Assume all bids are APY 3

Wachovia Checking

months

6 months

I months

12 months

l\

ltlY

\e

\l

Bank of America
CD

Money Market ($10M) Money Market ($1oM - 24Nr))

BBVA Compass
CD

Money Markets

BB&T
Money Market

an

Beach Community Bank

Coastal Bank & Trust

CD Agency - Synovus

Fifth Third Bank

UU Agency

Gulf Coast Community

Hancock Bank

Regions
CD Money Market ($5M-$24) RBC CD Agency

ServisFirst
CD

.36 3jzot
rnryl
no bid

.7o

SunTrust
CD Agency

Wells Fargo
CD

Agency

o.o7%

^ \^v

w.,r/Y'

Whitney Bank
CD Securities

Pam Childers
From:
Sent:
O'Brien, Todd [Todd.O'Brien@bbvacompass.comJ Tuesday, November 01 , 2011 5:42 PM Pam Childers O'Brien, Todd RE: Request for Investment Bid - City of Pensacola

To: Cc: Subject:

Pam:

indicates 55mm tn Please see our rates below. All rates are quoted in APY. Please note that while your request for bids possible deposits, BBVA Compass has the collateral capacity to accept more dollars under these structures if You so choose.
CD'S:

12 mos = 0.48% 18 mos = O.50Yo

24 mos = O.55To Other Options: L. Interest-bearing, collateralized DDA (checking account) APY = l- month LIBOR minus 3 bPs Re-prices the first of each month Account includes the allowance of up to 10 checks per month and 2 outgoing wires, to allow more liquidity than a money market account Based on a 1,1,/i,/It one month LIBOR rate of A.25%, your rate for November would be O.22% deposits This structure is being offered as an alternative (and supplement)to your money market account with us, to allow you more opportunity to take advantage of possible increases in LIBOR, as well as to in diversify your deposits with us beyond the current Money Market structures. This may be helpful maintaining deposit limits within your investment policy guidelines. 2. Collateralized Money Market deposit account
Rate = 0.2O% Re-prices periodica lly
6 withdrawals per month, 3 of which can be by check

Thank you,

BBVA Compass Todd O'Brien Commercial Banking - Vice President Tel. 850 857 5074 - eFax 2A5 524 0263 - todd.obrien@bbvacompass.com 5055 Bayou Blvd., Pensacola, FL 32503
FL.PI{-CD-BCH

Connect with BBVA Compass Find us on Facebook Follow us on Twitter

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Fro m : Pam Childers lma i lto PChilders@cityofpensacola. coml Sent: Tuesday, November }Lt 2011 4:03 PM To: O'Brien, todd; Wright, Johnnie; brett.barrow@regions.com; Harrison, Kristin; Behr, Bobby;
:

Pam Childers
From: Sent: Rex McKinney IRMcKinney@servisfirstbank'com] Thursday, November 03,2011 10:51 AM Pam Childers RE: Request for Investment Bid - City of Pensacola

To: Subject:

Pam,

Thankyou forthe opportunityto bid on the City's $5MM deposit. Please see our rates below:
Money marl<et: .30% APY (guaranteed rate for six months) l-2 morrth CD: .35% APY 18 months CD A3% APY 24 months CD: .55% APY
These rates are good through 1,U10/3'L. Thanks again. Please confirm receipt of this e mail.

Rex D. McKimrey President & C.E.O. - Pensacola 316 South Bal'lsn Street Suite l-00 Pensercc;la, Florida 32502

dial fax 850-7n-2233 cell Nh4LS# 776276 rmckinney@s ervis fi rstb ank. corn
850-266-9111'

850 -266-9121 dtue ct

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Fro m : Pam Childers lma ilto : PCh ilders@cityofpensacola'coml

Sent: Tuesday, November 01, 2011 4:03 PM To: O'Brien, foAa; Wrigfrt, Johnnie; brett.barrow@regions,com; Harrison, Kristin; Behr, Bobby;

Subject:

leslie.skipper@wellsfarqo.com; Diehl.Mike; Rex McKinney; Rodneyjackson@coastalbankandtrust'com Request for lnvestment Bid - City of Pensacola