RFP # Banking Services

Transcription

1 RFP # Banking Services Addendum 001 Issued 01/20/17 Thank you for submitting your questions to us related to our RFP for banking services. We have pasted the questions we received below and answered them bold red font. We have removed duplicate questions but have presented all questions below exactly as they were submitted. Please remember to follow the RFP submittal instructions carefully as CMC cannot consider a response that is not submitted on time and in compliance with these requirements. Bid responses are due by 2:00 on February 7 th. Thank you for the time and resources you have dedicated to your submittal on our behalf. 1. What ATM services will CMC require? ATM services may be required at some or all of the campuses. 2. Please describe CMC s after - hours deposit service needs (including average amounts for cash if applicable) Campus account managers sometimes utilize after hours deposit services. 3. Please provide 2 months of merchant statements, if you would like our RFP response to include a Commerce Bank merchant services payment processing proposal. Please select a two month period that reflects an average transaction volume No merchant services are necessary. 4. Please provide a vendor list, if you would like our RFP response to include a detailed Purchasing Card or AP Services proposal. The vendor list should include the following: Vendor ID Vendor Name Payment Type (Check, ACH, Card, Wire) Annual Volume ($) per Vendor Number of Payments per Vendor No P-card or AP services are necessary January 24, 2017 Addendum 001 RFP docx 1

2 5. In regard to the sweep services, are you looking for a true investment vehicle or would a sweep with an interest baring investment account suffice? CMC is interested in your recommendation, but we believe an interest rate bearing investment account is sufficient. 6. Your RFP mentions Direct Payroll. Is this a function you are looking for the bank to perform or are you using an outside vendor? We process our own payroll. Our bank just needs to distribute the fund via direct deposit. 7. Will you require an armored car service? Depending on bank branch locations in relation to campus locations, armored car or courier service may be required to make deposits. 8. In terms of the ATM, do you already have an ATM on site or are you looking for the bank to establish an ATM service for you? We have a couple of campuses with ATMs that have been leased and are serviced by local providers. Also, see answer to question After reviewing the provided bank statements, it appears there are sweep transfers occurring from accounts from which we do not have statements. Would you be able to pride statements for all the accounts in the sweep group? Yes, statements for campus location bank accounts will be provided. 10. On average, how many checks are included in your deposits? See account analysis. 11. Account Structure: Thank you for providing the bank statements for the Operating account, Payroll, and Federal Funds. In order to prepare the most accurate quote, we would like the additional statements for the sweep/zba accounts: a. Payroll Account i. Does CMC perform 100% of the payroll function in house? Tax reporting etc.? Yes ii. What is the pay frequency of payroll? January 24, 2017 Addendum 001 RFP docx 2

3 Full-time employees are paid at the end of each month; part-time employees are paid on the 15 th of each month, and bi-weekly. iii. Is payroll done via ACH and Checks? If so, what is the percentage of ACH vs. checks issued? Currently 80% of our employees receive their paycheck via direct debit. b. ACH i. How does CMC originate their ACH transactions? ACH transactions are originated by uploading a file using online banking. ii. Does CMC originate ACH credits and debits? If so, to Vendors and Consumers? Yes both credits and debits to vendors and students. iii. Are Financial Aid Deposits done via ACH? Yes. 12. ATM: a. Does CMC plan to have the bank to supply and service an ATM at their location(s)? We would like to consider ATM services at our locations, please provide information on the options the college would have. We are not sure b. How many monthly transactions are processed at each location? We only have one location (Steamboat) with an ATM currently, foot traffic may not be sufficient to support machines at some or all of our campuses. c. Will CMC charge the bank rent for having a unit there? No d. Is CMC currently receiving any profit share? No e. Is current ATM vendor willing to continue to maintain the existing ATM s? N/A except in Steamboat where we would need to inquire with the incumbent. 13. Remote Deposit: a. We don t see that CMC is using a scanner today based on the statements provided. Please provide the number of scanners needed and the number of items deposited daily and monthly. Some of our sites as well as our central services location use a remote deposit check scanner. Please see the operating account analysis for number of items deposited. Approximately 5 scanners would be needed. More scanners may be required depending on location of bank branch in relation to the campus. January 24, 2017 Addendum 001 RFP docx 3

4 14. Merchant Services: a. Would CMC provide Merchant Services processing statements? No merchant services are needed. 15. Commercial Card: a. What is CMC s monthly spend on your current card program? N/A b. How many cards are currently issued? N/A 16. Please provide us with a copy of CMC s account analysis statement for the bank accounts in question, so that we may have a better understanding of CMC s transaction volumes, such as: a. How many Payroll ACH items are originated in each file? The number of ACH items originated in a file varies based on the payroll that is processed, but it ranges from items. b. Does CMC utilize any fraud protection services on ANY accounts currently such as (Positive Pay, ACH blocks/filters/, ACH Positive Pay, Paper Debit Blocks). Yes, positive pay, ACH blocks/filters. c. How much cash do does CMC deposit per month? See account analysis. d. Does CMC require change orders? If so how often and in what average amounts? CMC does not typically require change orders. e. How many bank bags does CMC require? One bag for each of our 11 campuses f. How many checks does CMC deposit? See account analysis. g. Does CMC utilize Remote Capture for check deposits or a lockbox? CMC utilizes remote deposit check scanners. h. If so, any specific features that are required by the college? Please see the last page of this Addendum 001. January 24, 2017 Addendum 001 RFP docx 4

5 Colorado Mountain College Insurance Requirements All vendors/companies/groups (herein referred to as Vendor ) providing services to or doing business with Colorado Mountain Local College District ( CMC ) must maintain the following types of insurance with minimum limits of liability as stated below for the duration of the contract. Please send these requirements to your insurance agent or broker and have them provide a compliant Certificate of Liability Insurance (preferably a standard Acord form) to CMC. Certificates of Liability Insurance evidencing the coverage, limits and endorsements outlined below must be issued by the insurance agent or carrier at least (5) working days prior to contract execution or work commencing. Note: Additional coverage may be required dependent upon the nature and scope of services provided and/or work performed. Requests for exceptions to these requirements must be discussed with and approved by CMC Risk Management prior to contract execution or work commencing. Coverage Commercial General Liability (CGL) Minimum Limit $1,000,000 Occurrence/$2,000,000 aggregate $2,000,000 Products / Completed Operations aggregate The Vendor shall maintain CGL coverage for itself and all additional insureds for the duration of the services performed for CMC and maintain Completed Operations coverage required herein in full force and effect until the expiration of any applicable statutes of limitations. Colorado Mountain Local College District and its affiliates shall be listed as an additional insured. The insurance shall include a provision that such insurance afforded by the policy for the benefit of the additional insureds shall be primary and non-contributory to any insurance or self-insurance maintained by the additional insureds. In addition, a Waiver of Subrogation shall be issued in favor of CMC. Automobile Liability $1,000,000 Combined Single Limit If Vendor uses any type of motor vehicle to perform a service for CMC, Vendor shall provide Automobile Liability insurance covering the use, operation and maintenance of any automobiles, trucks, trailers or other vehicles owned, scheduled, hired or non-owned by vendor/company providing bodily injury, including death, and property damage coverage. Colorado Mountain Local College District and its affiliates shall be listed as an additional insured. The insurance shall provide a provision that such insurance afforded by the policy for the benefit of the additional insureds s h a l l be primary and non-contributory to any insurance maintained by the additional insureds. In addition, Waiver of Subrogation shall be issued in favor of CMC. Workers Compensation Statutory Limits ($100,000/$500,000/$100,000) Vendor shall maintain the coverage required by the state for Workers Compensation / Employer s Liability insurance. The policy shall contain a Waiver of Subrogation in favor of CMC. If Vendor is not required by the state to carry Workers Compensation / Employer s Liability insurance and officers have rejected coverage, Vendor is required to complete a Declaration of Independent Contractor Status form. Bankers Blanket Bond $5,000,000 Limit Vendor shall maintain a banker s blanket bond with a minimum of $5,000,000 in limit with coverage including, but not limited to, employee dishonesty, forgery or alteration, computer fraud, and fund transfer fraud. Cyber Liability $5,000,000 Limit Vendor shall maintain at least $5 million limit per occurrence and $5 million policy aggregate covering cyber liability, network security, privacy liability and privacy breach costs including notification and credit monitoring. Additional Provisions CMC requires insurance carriers be licensed to conduct business in the State of Colorado and a minimum A.M. Best Rating of A-. Vendor shall require in all Vendor s subcontracts, if any, the same limits and coverage required herein. Each insurance policy shall state that CMC will receive thirty (30) days prior written notice of any cancellation, non- renewal, or material alteration of the Vendor s insurance policies. Renewal certificates should be automatically sent to CMC. Certificate Holder: Colorado Mountain Local College District Risk Management Department 802 Grand Avenue Glenwood Springs, CO Questions regarding CMC s Insurance Requirements should be directed to: gpedrick@coloradomtn.edu

6 Account Analysis Statement Operating Account Analysis ACCT# xxx-xxx-9882 NUMBER PRICE CHARGE AVERAGE LEDGER BALANCE $4,126, ACCOUNT MAINTENANCE AVERAGE BALANCE FOR RESERVE $4,126, CHECKS WRITTEN LESS LEGAL RESERVE AT %.00 DEPOSITS MADE NET AVAILABLE BALANCE $4,126, ON-US ITEMS DEPOSITED EARNINGS AT A RATE OF % $8, TRANSIT ITEMS DEPOSITED TOTAL COST COMPUTED *** TOTAL COST *** EARNINGS AVAILABLE $8, SERVICE CHARGE ASSESSED REQUIRED AVERAGE NET AVAILABLE BALANCE $50, AVERAGE NEGATIVE COLLECTED BALANCE - D $.00 AVERAGE NEGATIVE LEDGER BALANCE - D $.00 Campus Location Account Analysis ACCT# xxx-xxx-3263 NUMBER PRICE CHARGE AVERAGE LEDGER BALANCE $2, ACCOUNT MAINTENANCE AVERAGE BALANCE FOR RESERVE $2, DEPOSITS MADE LESS LEGAL RESERVE AT %.00 ON-US ITEMS DEPOSITED NET AVAILABLE BALANCE $2, TRANSIT ITEMS DEPOSITED EARNINGS AT A RATE OF % $5.00 *** TOTAL COST *** 7.15 TOTAL COST COMPUTED 7.15 SERVICE CHARGE $2.15 SERVICE CHARGE ASSESSED ** WAIVE ** REQUIRED AVERAGE NET AVAILABLE BALANCE $3, AVERAGE NEGATIVE COLLECTED BALANCE - D $.00 AVERAGE NEGATIVE LEDGER BALANCE - D $.00 January 24, 2017 Addendum 001 RFP docx 5

7 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 8/31/15 Page 1 Primary (970) Enclosures 16 On July 1, Alpine Bank customers began earning interest on all balances on most interest-earning accounts. Stop by your local Alpine Bank for details. ASPEN DEPOSITORY ACCOUNT...CHECKING ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 16 Account Statement Dates 8/03/15 thru 8/31/15 Previous Balance 2, Days In The Statement Period Deposits 9, Average Ledger Bal. 2, Checks/Charges 9, Average Collected Bal. 2, Service Charge.00 Interest Paid.02 Current Balance 2, Interest Paid.16 8/06 Deposit /06 Deposit /07 Deposit /07 Deposit /12 Deposit /13 Deposit /14 Deposit 1, /19 Deposit /20 Deposit /21 Deposit /25 Deposit /25 Deposit /26 Deposit /26 Deposit /26 Deposit 1, /27 Deposit 3, /31 Interest Paid.02

8 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 8/31/15 Page 2 Primary (970) Enclosures 16 ASPEN DEPOSITORY (Continued) 8/03 Sweep Transfer To DDA.02-8/06 Sweep Transfer To DDA /07 Sweep Transfer To DDA /12 Sweep Transfer To DDA /13 Sweep Transfer To DDA /14 Sweep Transfer To DDA 1, /19 Sweep Transfer To DDA /20 Sweep Transfer To DDA /21 Sweep Transfer To DDA /25 Sweep Transfer To DDA /26 Sweep Transfer To DDA 1, /27 Sweep Transfer To DDA 3, Daily Balance Information Date Balance Date Balance Date Balance 8/03 2, /14 2, /26 2, /06 2, /19 2, /27 2, /07 2, /20 2, /31 2, /12 2, /21 2, /13 2, /25 2,500.00

9 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 10/31/16 Page 1 Primary (970) Enclosures 13 Chip cards provide enhanced payment security, further protecting you from fraud. Have questions about chip cards? We have answers. Learn more at alpinebank.com....checking ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 13 Account Statement Dates 10/03/16 thru 10/31/16 Previous Balance 2, Days In The Statement Period Deposits 1, Average Ledger Bal. 2, Checks/Charges 1, Average Collected Bal. 2, Service Charge.00 Interest Paid.02 Current Balance 2, Interest Paid.20 10/06 Deposit /07 Deposit /07 Deposit /11 Deposit /17 Deposit /17 Deposit /17 Deposit /17 Deposit /20 Deposit /25 Deposit /25 Deposit /27 Deposit /27 Deposit /31 Interest Paid.02 10/03 Sweep Transfer To DDA.02-

10 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 10/31/16 Page 2 Primary (970) Enclosures (Continued) 10/06 Sweep Transfer To DDA /07 Sweep Transfer To DDA /11 Sweep Transfer To DDA /17 Sweep Transfer To DDA /20 Sweep Transfer To DDA /25 Sweep Transfer To DDA /27 Sweep Transfer To DDA Daily Balance Information Date Balance Date Balance Date Balance 10/03 2, /11 2, /25 2, /06 2, /17 2, /27 2, /07 2, /20 2, /31 2,500.02

11 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 9/30/16 Page 1 Primary (970) Enclosures 18 Please review this statement and report discrepancies to our auditors in writing, Dalby, Wendland & Co, CPA, P.O. Box 430, Grand junction, CO CHECKING ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 18 Account Statement Dates 9/01/16 thru 10/02/16 Previous Balance 2, Days In The Statement Period Deposits 17, Average Ledger Bal. 2, Checks/Charges 17, Average Collected Bal. 2, Service Charge.00 Interest Paid.02 Current Balance 2, Interest Paid.18 9/02 Deposit /02 Deposit /02 Deposit /02 Deposit /02 Deposit /07 Deposit 8, /08 Deposit /13 Deposit /15 Deposit /15 Deposit 1, /15 Deposit 1, /16 Deposit /16 Deposit /16 Deposit /21 Deposit /23 Deposit /26 Deposit /27 Deposit /02 Interest Paid.02

12 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 9/30/16 Page 2 Primary (970) Enclosures (Continued) 9/01 Sweep Transfer To DDA.02-9/02 Sweep Transfer To DDA 1, /07 Sweep Transfer To DDA 8, /08 Sweep Transfer To DDA /13 Sweep Transfer To DDA /15 Sweep Transfer To DDA 4, /16 Sweep Transfer To DDA 1, /21 Sweep Transfer To DDA /23 Sweep Transfer To DDA /26 Sweep Transfer To DDA /27 Sweep Transfer To DDA Daily Balance Information Date Balance Date Balance Date Balance 9/01 2, /13 2, /23 2, /02 2, /15 2, /26 2, /07 2, /16 2, /27 2, /08 2, /21 2, /02 2,500.02

13 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 8/31/16 Page 1 Primary (970) Enclosures 19 Beginning October 1, 2016, Alpine Bank will implement a new fee schedule for wire transfers: Outgoing Domestic $25, Outgoing International $45, Outgoing Online $15....CHECKING ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 19 Account Statement Dates 8/01/16 thru 8/31/16 Previous Balance 2, Days In The Statement Period Deposits 8, Average Ledger Bal. 2, Checks/Charges 8, Average Collected Bal. 2, Service Charge.00 Interest Paid.02 Current Balance 2, Interest Paid.16 8/01 Deposit /02 Deposit /05 Deposit /08 Deposit /08 Deposit /10 Deposit /10 Deposit /12 Deposit /15 Deposit /15 Deposit /18 Deposit /18 Deposit 1, /18 Deposit 2, /19 Deposit /25 Deposit /26 Deposit /26 Deposit /26 Deposit /26 Deposit /31 Interest Paid.02

14 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 8/31/16 Page 2 Primary (970) Enclosures (Continued) 8/01 Sweep Transfer To DDA /02 Sweep Transfer To DDA /05 Sweep Transfer To DDA /08 Sweep Transfer To DDA /10 Sweep Transfer To DDA /12 Sweep Transfer To DDA /15 Sweep Transfer To DDA /18 Sweep Transfer To DDA 4, /19 Sweep Transfer To DDA /25 Sweep Transfer To DDA /26 Sweep Transfer To DDA 2, Daily Balance Information Date Balance Date Balance Date Balance 8/01 2, /10 2, /19 2, /02 2, /12 2, /25 2, /05 2, /15 2, /26 2, /08 2, /18 2, /31 2,500.02

15 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 7/29/16 Page 1 Primary (970) Enclosures 8 Need cash? You can access the nationwide Allpoint ATM Network with more than 43,000 surcharge-free ATMs. Find a nearby ATM at alpinebank.com or on the Allpoint app....checking ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 8 Account Statement Dates 7/01/16 thru 7/31/16 Previous Balance 2, Days In The Statement Period Deposits 2, Average Ledger Bal. 2, Checks/Charges 2, Average Collected Bal. 2, Service Charge.00 Interest Paid.02 Current Balance 2, Interest Paid.14 7/13 Deposit /15 Deposit /18 Deposit /21 Deposit /25 Deposit /28 Deposit 1, /29 Deposit /29 Deposit /31 Interest Paid.02 7/01 Sweep Transfer To DDA.02-7/13 Sweep Transfer To DDA /15 Sweep Transfer To DDA /18 Sweep Transfer To DDA

16 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 7/29/16 Page 2 Primary (970) Enclosures (Continued) 7/21 Sweep Transfer To DDA /25 Sweep Transfer To DDA /28 Sweep Transfer To DDA 1, /29 Sweep Transfer To DDA Daily Balance Information Date Balance Date Balance Date Balance 7/01 2, /18 2, /28 2, /13 2, /21 2, /29 2, /15 2, /25 2, /31 2,500.02

17 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 6/30/16 Page 1 Primary (970) Enclosures 18 Summer travel? Let us know before you go to help protect your account from fraud and avoid account disruptions. Travel safe and enjoy your vacation!...checking ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 18 Account Statement Dates 6/01/16 thru 6/30/16 Previous Balance 2, Days In The Statement Period Deposits 9, Average Ledger Bal. 2, Checks/Charges 9, Average Collected Bal. 2, Service Charge.00 Interest Paid.02 Current Balance 2, Interest Paid.12 6/01 Deposit /01 Deposit /03 Deposit /03 Deposit /03 Deposit /06 Deposit /07 Deposit /08 Deposit 5, /09 Deposit /10 Deposit /15 Deposit /16 Deposit /21 Deposit /21 Deposit /27 Deposit /28 Deposit /30 Deposit /30 Deposit /30 Interest Paid.02

18 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 6/30/16 Page 2 Primary (970) Enclosures (Continued) 6/01 Sweep Transfer To DDA 1, /03 Sweep Transfer To DDA /06 Sweep Transfer To DDA /07 Sweep Transfer To DDA /08 Sweep Transfer To DDA 5, /09 Sweep Transfer To DDA /10 Sweep Transfer To DDA /15 Sweep Transfer To DDA /16 Sweep Transfer To DDA /21 Sweep Transfer To DDA /27 Sweep Transfer To DDA /28 Sweep Transfer To DDA /30 Sweep Transfer To DDA Daily Balance Information Date Balance Date Balance Date Balance 6/01 2, /09 2, /27 2, /03 2, /10 2, /28 2, /06 2, /15 2, /30 2, /07 2, /16 2, /08 2, /21 2,500.00

19 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 5/31/16 Page 1 Primary (970) Enclosures 13 Did you know you can deposit your checks without a trip to the bank? With AlpineMobile, depositing checks is easy! Just point, click, and deposit. Ask us how today!...checking ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 13 Account Statement Dates 5/02/16 thru 5/31/16 Previous Balance 2, Days In The Statement Period Deposits 4, Average Ledger Bal. 2, Checks/Charges 4, Average Collected Bal. 2, Service Charge.00 Interest Paid.02 Current Balance 2, Interest Paid.10 5/03 Deposit /04 Deposit /04 Deposit /06 Deposit /09 Deposit /11 Deposit /12 Deposit /12 Deposit /16 Deposit /17 Deposit /18 Deposit /24 Deposit /25 Deposit /31 Interest Paid.02 5/02 Sweep Transfer To DDA.02-

20 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 5/31/16 Page 2 Primary (970) Enclosures (Continued) 5/03 Sweep Transfer To DDA /04 Sweep Transfer To DDA /06 Sweep Transfer To DDA /09 Sweep Transfer To DDA /11 Sweep Transfer To DDA /12 Sweep Transfer To DDA /16 Sweep Transfer To DDA /17 Sweep Transfer To DDA /18 Sweep Transfer To DDA /24 Sweep Transfer To DDA /25 Sweep Transfer To DDA Daily Balance Information Date Balance Date Balance Date Balance 5/02 2, /11 2, /24 2, /03 2, /12 2, /25 2, /04 2, /16 2, /31 2, /06 2, /17 2, /09 2, /18 2,500.00

21 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 4/29/16 Page 1 Primary (970) Enclosures 13 Access your accounts anytime, anywhere with Alpine- Mobile. Like having a personal banker in the palm of your hand! Learn more at alpinebank.com ASPEN DEPOSITORY ACCOUNT...CHECKING ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 13 Account Statement Dates 4/01/16 thru 5/01/16 Previous Balance 2, Days In The Statement Period Deposits 3, Average Ledger Bal. 2, Checks/Charges 3, Average Collected Bal. 2, Service Charge.00 Interest Paid.02 Current Balance 2, Interest Paid.08 4/01 Deposit /01 Deposit /01 Deposit /05 Deposit /07 Deposit /13 Deposit /18 Deposit /18 Deposit /19 Deposit /27 Deposit /27 Deposit 1, /28 Deposit /29 Deposit /01 Interest Paid.02 4/01 Sweep Transfer To DDA

22 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 4/29/16 Page 2 Primary (970) Enclosures 13 ASPEN DEPOSITORY (Continued) 4/05 Sweep Transfer To DDA /07 Sweep Transfer To DDA /13 Sweep Transfer To DDA /18 Sweep Transfer To DDA /19 Sweep Transfer To DDA /27 Sweep Transfer To DDA 1, /28 Sweep Transfer To DDA /29 Sweep Transfer To DDA Daily Balance Information Date Balance Date Balance Date Balance 4/01 2, /18 2, /29 2, /05 2, /19 2, /01 2, /07 2, /27 2, /13 2, /28 2,500.00

23 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 3/31/16 Page 1 Primary (970) Enclosures 13 If you have a debit/credit card, please be sure to activate your new chip card when you receive it. For your security, non-chip cards will be deactivated. ASPEN DEPOSITORY ACCOUNT...CHECKING ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 13 Account Statement Dates 3/01/16 thru 3/31/16 Previous Balance 2, Days In The Statement Period Deposits 2, Average Ledger Bal. 2, Checks/Charges 2, Average Collected Bal. 2, Service Charge.00 Interest Paid.02 Current Balance 2, Interest Paid.06 3/01 Deposit /04 Deposit /08 Deposit /11 Deposit /11 Deposit /15 Deposit /16 Deposit 1, /17 Deposit /18 Deposit /23 Deposit /25 Deposit /28 Deposit /28 Deposit /31 Interest Paid.02 3/01 Sweep Transfer To DDA

24 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 3/31/16 Page 2 Primary (970) Enclosures 13 ASPEN DEPOSITORY (Continued) 3/04 Sweep Transfer To DDA /08 Sweep Transfer To DDA /11 Sweep Transfer To DDA /15 Sweep Transfer To DDA /16 Sweep Transfer To DDA 1, /17 Sweep Transfer To DDA /18 Sweep Transfer To DDA /23 Sweep Transfer To DDA /25 Sweep Transfer To DDA /28 Sweep Transfer To DDA Daily Balance Information Date Balance Date Balance Date Balance 3/01 2, /15 2, /23 2, /04 2, /16 2, /25 2, /08 2, /17 2, /28 2, /11 2, /18 2, /31 2, For questions on your new chip card or non-chip card deactivation, call us at or visit

25 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 2/29/16 Page 1 Primary (970) Enclosures 16 Maximize your healthcare dollars with Alpine Bank's Health Savings Account. Learn more at or call us today. ASPEN DEPOSITORY ACCOUNT...CHECKING ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 16 Account Statement Dates 2/01/16 thru 2/29/16 Previous Balance 2, Days In The Statement Period Deposits 2, Average Ledger Bal. 2, Checks/Charges 2, Average Collected Bal. 2, Service Charge.00 Interest Paid.02 Current Balance 2, Interest Paid.04 2/02 Deposit 1, /04 Deposit /05 Deposit /09 Deposit /10 Deposit /12 Deposit /16 Deposit /16 Deposit /17 Deposit /17 Deposit /19 Deposit /22 Deposit /23 Deposit /23 Deposit /25 Deposit /26 Deposit /29 Interest Paid.02

26 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 2/29/16 Page 2 Primary (970) Enclosures 16 ASPEN DEPOSITORY (Continued) 2/01 Sweep Transfer To DDA.02-2/02 Sweep Transfer To DDA 1, /04 Sweep Transfer To DDA /05 Sweep Transfer To DDA /09 Sweep Transfer To DDA /10 Sweep Transfer To DDA /12 Sweep Transfer To DDA /16 Sweep Transfer To DDA /17 Sweep Transfer To DDA /19 Sweep Transfer To DDA /22 Sweep Transfer To DDA /23 Sweep Transfer To DDA /25 Sweep Transfer To DDA /26 Sweep Transfer To DDA Daily Balance Information Date Balance Date Balance Date Balance 2/01 2, /10 2, /22 2, /02 2, /12 2, /23 2, /04 2, /16 2, /25 2, /05 2, /17 2, /26 2, /09 2, /19 2, /29 2,500.02

27 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 1/29/16 Page 1 Primary (970) Enclosures 17 Thanks to our Loyalty Debit Card program, Alpine Bank donated more than $746,485 to local nonprofits in Learn how you can participate at ASPEN DEPOSITORY ACCOUNT...CHECKING ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 17 Account Statement Dates 1/01/16 thru 1/31/16 Previous Balance 2, Days In The Statement Period Deposits 12, Average Ledger Bal. 2, Checks/Charges 12, Average Collected Bal. 2, Service Charge.00 Interest Paid.02 Current Balance 2, Interest Paid.02 1/05 Deposit 1, /08 Deposit /08 Deposit /11 Deposit /12 Deposit /12 Deposit 4, /15 Deposit /15 Deposit /15 Deposit /19 Deposit /19 Deposit /21 Deposit /21 Deposit /25 Deposit /26 Deposit /28 Deposit /29 Deposit /31 Interest Paid.02

28 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 1/29/16 Page 2 Primary (970) Enclosures 17 ASPEN DEPOSITORY (Continued) 1/04 Sweep Transfer To DDA.03-1/05 Sweep Transfer To DDA 1, /08 Sweep Transfer To DDA 1, /11 Sweep Transfer To DDA /12 Sweep Transfer To DDA 4, /15 Sweep Transfer To DDA 1, /19 Sweep Transfer To DDA /21 Sweep Transfer To DDA 1, /25 Sweep Transfer To DDA /26 Sweep Transfer To DDA /28 Sweep Transfer To DDA /29 Sweep Transfer To DDA Daily Balance Information Date Balance Date Balance Date Balance 1/01 2, /12 2, /26 2, /04 2, /15 2, /28 2, /05 2, /19 2, /29 2, /08 2, /21 2, /31 2, /11 2, /25 2,500.00

29 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 12/31/15 Page 1 Primary (970) Enclosures 16 Thanks to our Loyalty Debit Card program, Alpine Bank donated more than $746,485 to local nonprofits in Learn how you can participate at ASPEN DEPOSITORY ACCOUNT...CHECKING ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 16 Account Statement Dates 12/01/15 thru 12/31/15 Previous Balance 2, Days In The Statement Period Deposits 4, Average Ledger Bal. 2, Checks/Charges 4, Average Collected Bal. 2, Service Charge.00 Interest Paid.03 Current Balance 2, Interest Paid.25 12/01 Deposit /03 Deposit /03 Deposit /07 Deposit /08 Deposit /10 Deposit /10 Deposit /11 Deposit /15 Deposit /16 Deposit /16 Deposit /21 Deposit /21 Deposit /21 Deposit /22 Deposit /23 Deposit /31 Interest Paid.03

30 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 12/31/15 Page 2 Primary (970) Enclosures 16 ASPEN DEPOSITORY (Continued) 12/01 Sweep Transfer To DDA /03 Sweep Transfer To DDA /07 Sweep Transfer To DDA /08 Sweep Transfer To DDA /10 Sweep Transfer To DDA /11 Sweep Transfer To DDA /15 Sweep Transfer To DDA /16 Sweep Transfer To DDA /21 Sweep Transfer To DDA /22 Sweep Transfer To DDA /23 Sweep Transfer To DDA Daily Balance Information Date Balance Date Balance Date Balance 12/01 2, /10 2, /21 2, /03 2, /11 2, /22 2, /07 2, /15 2, /23 2, /08 2, /16 2, /31 2,500.03

31 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 11/30/15 Page 1 Primary (970) Enclosures 13 As of January 1, 2016, there will be a $2.00 ATM fee for each withdrawal at all international ATMs. Access 43,000+ surcharge-free ATMs in the US. Ask how today! ASPEN DEPOSITORY ACCOUNT...CHECKING ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 13 Account Statement Dates 11/02/15 thru 11/30/15 Previous Balance 2, Days In The Statement Period Deposits Average Ledger Bal. 2, Checks/Charges Average Collected Bal. 2, Service Charge.00 Interest Paid.02 Current Balance 2, Interest Paid.22 11/03 Deposit /03 Deposit /04 Deposit /06 Deposit /09 Deposit /09 Deposit /12 Deposit /16 Deposit /16 Deposit /16 Deposit /19 Deposit /23 Deposit /30 Deposit /30 Interest Paid.02 11/02 Sweep Transfer To DDA.02-

32 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 11/30/15 Page 2 Primary (970) Enclosures 13 ASPEN DEPOSITORY (Continued) 11/03 Sweep Transfer To DDA /04 Sweep Transfer To DDA /06 Sweep Transfer To DDA /09 Sweep Transfer To DDA /12 Sweep Transfer To DDA /16 Sweep Transfer To DDA /19 Sweep Transfer To DDA /23 Sweep Transfer To DDA /30 Sweep Transfer To DDA Daily Balance Information Date Balance Date Balance Date Balance 11/02 2, /09 2, /23 2, /03 2, /12 2, /30 2, /04 2, /16 2, /06 2, /19 2,500.00

33 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 10/30/15 Page 1 Primary (970) Enclosures 15 To better serve you, on December 14, Alpine Bank will convert to a new Bill Pay system with enhanced features. See below for details. ASPEN DEPOSITORY ACCOUNT...CHECKING ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 15 Account Statement Dates 10/01/15 thru 11/01/15 Previous Balance 2, Days In The Statement Period Deposits 1, Average Ledger Bal. 2, Checks/Charges 1, Average Collected Bal. 2, Service Charge.00 Interest Paid.02 Current Balance 2, Interest Paid.20 10/01 Deposit /02 Deposit /02 Deposit /07 Deposit /08 Deposit /13 Deposit /19 Deposit /19 Deposit /19 Deposit /20 Deposit /23 Deposit /23 Deposit /28 Deposit /28 Deposit /29 Deposit /01 Interest Paid.02

34 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 10/30/15 Page 2 Primary (970) Enclosures 15 ASPEN DEPOSITORY (Continued) 10/01 Sweep Transfer To DDA /02 Sweep Transfer To DDA /07 Sweep Transfer To DDA /08 Sweep Transfer To DDA /13 Sweep Transfer To DDA /19 Sweep Transfer To DDA /20 Sweep Transfer To DDA /23 Sweep Transfer To DDA /28 Sweep Transfer To DDA /29 Sweep Transfer To DDA Daily Balance Information Date Balance Date Balance Date Balance 10/01 2, /13 2, /28 2, /02 2, /19 2, /29 2, /07 2, /20 2, /01 2, /08 2, /23 2, Standard Bill Pay remains free of charge. Enhanced features will incur the following fees: Gift Check $2.99, Charitable Donation $1.99, Overnight Delivery $14.95, 2nd Day Delivery $9.95; Electronic Rush Payment $4.95.

35 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 9/30/15 Page 1 Primary (970) Enclosures 20 Please review this statement and report discrepancies to our auditors in writing, Dalby Wendland & Co, CPA, P.O. Box 430, Grand Junction, CO ASPEN DEPOSITORY ACCOUNT...CHECKING ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 20 Account Statement Dates 9/01/15 thru 9/30/15 Previous Balance 2, Days In The Statement Period Deposits 17, Average Ledger Bal. 2, Checks/Charges 17, Average Collected Bal. 2, Service Charge.00 Interest Paid.02 Current Balance 2, Interest Paid.18 9/01 Deposit /01 Deposit /01 Deposit /03 Deposit /08 Deposit /08 Deposit /09 Deposit 10, /10 Deposit /11 Deposit /14 Deposit 1, /16 Deposit /16 Deposit 1, /18 Deposit /21 Deposit /21 Deposit /23 Deposit /23 Deposit /25 Deposit /29 Deposit /29 Deposit

36 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 9/30/15 Page 2 Primary (970) Enclosures 20 ASPEN DEPOSITORY (Continued) 9/30 Interest Paid.02 9/01 Sweep Transfer To DDA /03 Sweep Transfer To DDA /08 Sweep Transfer To DDA /09 Sweep Transfer To DDA 10, /10 Sweep Transfer To DDA /11 Sweep Transfer To DDA /14 Sweep Transfer To DDA 1, /16 Sweep Transfer To DDA 1, /18 Sweep Transfer To DDA /21 Sweep Transfer To DDA /23 Sweep Transfer To DDA /25 Sweep Transfer To DDA /29 Sweep Transfer To DDA Daily Balance Information Date Balance Date Balance Date Balance 9/01 2, /10 2, /18 2, /03 2, /11 2, /21 2, /08 2, /14 2, /23 2, /09 2, /16 2, /25 2,500.00

37 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 9/30/15 Page 3 Primary (970) Enclosures 20 ASPEN DEPOSITORY (Continued) Daily Balance Information Date Balance Date Balance 9/29 2, /30 2,500.02

38 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 7/31/15 Page 1 Primary (970) Enclosures 13 Chip cards are coming soon! This new feature will provide enhanced payment security, further protecting you from fraud. Learn more at alpinebank.com ASPEN DEPOSITORY ACCOUNT...CHECKING ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 13 Account Statement Dates 7/01/15 thru 8/02/15 Previous Balance 2, Days In The Statement Period Deposits 7, Average Ledger Bal. 2, Checks/Charges 7, Average Collected Bal. 2, Service Charge.00 Interest Paid.02 Current Balance 2, Interest Paid.14 7/06 Deposit /08 Deposit /10 Deposit /13 Deposit /16 Deposit /22 Deposit /22 Deposit /23 Deposit /24 Deposit 2, /27 Deposit /29 Deposit 1, /29 Deposit 1, /31 Deposit /02 Interest Paid.02 7/01 Sweep Transfer To DDA.02-

39 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 7/31/15 Page 2 Primary (970) Enclosures 13 ASPEN DEPOSITORY (Continued) 7/06 Sweep Transfer To DDA /08 Sweep Transfer To DDA /10 Sweep Transfer To DDA /13 Sweep Transfer To DDA /16 Sweep Transfer To DDA /22 Sweep Transfer To DDA /23 Sweep Transfer To DDA /24 Sweep Transfer To DDA 2, /27 Sweep Transfer To DDA /29 Sweep Transfer To DDA 2, /31 Sweep Transfer To DDA Daily Balance Information Date Balance Date Balance Date Balance 7/01 2, /16 2, /29 2, /06 2, /22 2, /31 2, /08 2, /23 2, /02 2, /10 2, /24 2, /13 2, /27 2,500.00

40 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 6/30/15 Page 1 Primary (970) Enclosures 9 As an Alpine Bank customer, you have access to over 55K surcharge-free ATMs worldwide.find a nearby Allpoint ATM at alpinebank.com or on the Allpoint app. ASPEN DEPOSITORY ACCOUNT...CHECKING ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 9 Account Statement Dates 6/01/15 thru 6/30/15 Previous Balance 2, Days In The Statement Period Deposits 1, Average Ledger Bal. 2, Checks/Charges 1, Average Collected Bal. 2, Service Charge.00 Interest Paid.02 Current Balance 2, Interest Paid.12 6/02 Deposit /02 Deposit /04 Deposit /04 Deposit /05 Deposit /08 Deposit /10 Deposit /19 Deposit /26 Deposit /30 Interest Paid.02 6/01 Sweep Transfer To DDA.02-6/02 Sweep Transfer To DDA /04 Sweep Transfer To DDA

41 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 6/30/15 Page 2 Primary (970) Enclosures 9 ASPEN DEPOSITORY (Continued) 6/05 Sweep Transfer To DDA /08 Sweep Transfer To DDA /10 Sweep Transfer To DDA /19 Sweep Transfer To DDA /26 Sweep Transfer To DDA Daily Balance Information Date Balance Date Balance Date Balance 6/01 2, /05 2, /19 2, /02 2, /08 2, /26 2, /04 2, /10 2, /30 2,500.02

42 ALPINE BANK, GLENWOOD SPRINGS PO BOX Date 5/29/15 Page 1 Primary (970) Enclosures 20 Sign up for estatements to receive FREE, secure, electronic statements via . Save time, money and paper. Good for you. Good for the environment. ASPEN DEPOSITORY ACCOUNT...CHECKING ACCOUNT... PRIVACY NOTICE - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at Number of Enclosures 20 Account Statement Dates 5/01/15 thru 5/31/15 Previous Balance 2, Days In The Statement Period Deposits 5, Average Ledger Bal. 2, Checks/Charges 5, Average Collected Bal. 2, Service Charge.00 Interest Paid.02 Current Balance 2, Interest Paid.10 5/01 Deposit /01 Deposit /04 Deposit /06 Deposit /08 Deposit /11 Deposit /12 Deposit /12 Deposit /14 Deposit /15 Deposit /15 Deposit /20 Deposit /20 Deposit /21 Deposit 1, /22 Deposit /27 Deposit /27 Deposit /28 Deposit /29 Deposit /29 Deposit