Bank ser­vice deal

The Glengarry News - - News -

RBC Royal Bank will pro­vide bank­ing ser­vices to North Glen­garry Town­ship over the next five years.

At its Dec. 10 meet­ing, coun­cil unan­i­mously agreed to award RBC the con­tract af­ter it scored the high­est in a scor­ing ma­trix. The town­ship had is­sued an RFP to pro­vide bank­ing ser­vices and RBC – along with BMO Fi­nan­cial Group, Sco­tia­bank, and the Caisse pop­u­laire Des­jardins – ap­plied.

The four in­sti­tu­tions were eval­u­ated on a num­ber of cri­te­ria – Fi­nan­cial Pro­posal In­ter­est Earned, Fees and Charges, on­line bank­ing, com­mu­nity par­tic­i­pa­tion – and RBC scored the high­est with 95 out of a pos­si­ble 100 points.

At first, Coun­cil­lor Michel Depratto chal­lenged the move, say­ing he didn’t think RBC was as com­mu­nity-minded as other in­sti­tu­tions. How­ever, the town­ship’s Di­rec­tor of Fi­nance, Kim­ber­ley Champigny, pointed out that RBC has do­nated nearly $590,000 to a num­ber of or­ga­ni­za­tions such as the United Way, CHEO, the Up­per Canada Dis­trict School Board, and the lo­cal hos­pi­tal.

Even­tu­ally, voted with his col­leagues on award­ing the con­tract to RBC. He also noted that the Caisse pop­u­laire is in the process of unit­ing with other caisses in the prov­ince and that he hopes it will main­tain its rep­u­ta­tion for gen­eros­ity.

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