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Farmers Bank & Trust shall provide an interest rate equal to the 90 day Treasury Bill asked rate (as quoted in the Wall Street Journal) plus 0.05 basis points effective on the first business day of each nmonth for the City's Consolidated Cash account. , Interest will be accrued daily based on -"the account's ledger balance and will be credited to the sweep account on the first business day -of each month for the prior period As of January 24;.2025, the 90 day Treasury Bill rate is 4.16%;- therefore. .16%therefore. the effective rate for the.City would be 4.21 %APR. All investment services offered to other bank customers will be available to the City. Acknowledged. Bidders are requested to submit a list of any further concessions or services in the space provided below which they may want to offer to the City of Paris and make any comment as further consideration in selecting the City's depository. If needed, please add additional pages. Executive Summary ✓ Farmers Bank & Trust would like to extend the offer to WAIVE all service fees for the City of Paris Waiver would include all account related fees as well as any Treasury Services utilized by the City. ✓ Farmers Bank & Trust would like to offer an interest rate for the Consolidated Cash Account that is equal to the 90 day Treasury Bill asked rate (as quoted in the Wall Street Journal) plus 0.05 basis points effective on the first business day of each month. As of January 24, 2025 the 90 day Treasury Bill rate is 4.16% therefore the effective rate for the City would be 4.26% APR. ✓ Farmers Bank & Trust would like to recommend our Insured Cash Sweep for all funds held in checking, savings, and/or money market accounts. ICS provides 100% FDIC insurance for funds up to $100 million per depositor and is an accepted form of collateral in accordance with state requirements. Certificates of Deposits shall be secured by Federal Home Loan Bank Letters of Credit. Monthly statements will be provided for all collateral types. ✓ Farmers Bank & Trust provides a full suite of Treasury Services available to the City including but not limited to Cash Management, ACH origination (direct deposit/drafts), wire origination, Remote Deposit Capture, Positive Pay, ACHProtection, and business credit cards. ✓ Farmers Bank & Trust will provide a local and skilled support team dedicated to meeting the daily operational needs of the City: Erik Roddy, Market President • Erik roddvanmvfarmers.bank; 903-495-7999 office, 903-795-6909 cell • Erik has been with Farmers Bank & Trust for 4 years, serving as Market President and Commercial Lender. He has 21 years of banking experience. Leigh A. Cheek, Senior Vice President of Treasury Services • Leieh.cheeWmyfarmers.bank: 903-255-1803 office, 903-701-4457 cell • Leigh has 27 years of commercial banking experience, 20 of which have been spent in Treasury Services. Leigh joined Farmers Bank & Trust in March 4 1 P a g e