Financial Institutions & Investors

The Ohio Treasurer's office works closely with financial institutions to certify depositories of public funds, collateralize public deposits for local governments, invest funds on behalf of the State of Ohio and certain local governments, and facilitate economic development efforts.

    Process for Serving as a Depository of Public Funds with the State of Ohio

    As Chairman of the Ohio Board of Deposit, Ohio Treasurer of State Robert Sprague encourages financial institutions to become eligible to accept public moneys, including active deposits and interim deposits, during the 2020-2022 biennium.

    To be eligible to participate in Ohio Treasury programs and receive interim deposits, financial institutions are required to submit the Application and Agreement for Deposit of Public Funds and Trustee Agreement(s). Once reviewed and verified for completeness, the financial institution will be recommended to the State of Ohio Board of Deposit for approval.

    All documents to complete an application to serve as a state depository, along with a checklist to ensure that you have completed all necessary steps are available at Financial Institutions. Applications for interim deposits will be accepted throughout the designation period.

    For depositories that seek an award for active deposits, a schedule will be posted on the Ohio Board of Deposit website for the 2020-2022 biennial designation, when available.  A separate Request for Proposal will be issued to guide the Ohio Board of Deposit in awarding active deposits as part of its next biennial designation of “the public depositories for the public moneys of the state,” as provided in the Ohio Revised Code 135.12.

    If you have questions about the Application/Agreement for Deposit of Public Funds, please contact Chris Litton at (614) 466-2354 or [email protected].   The Ohio Treasurer of State welcomes your application and the opportunity to work with you during this biennium.

     

    On November 13, 2019, the Ohio Treasurer of State (“Treasurer’s Office”) issued a Request for Proposal (“RFP”) for the award of active deposits of the public moneys of the State of Ohio for a period of two years commencing on July 6, 2020 (“Designation Period”).  The RFP will be available by direct request.  Respondents should submit their Response to the Treasurer’s Office no later than 3:00 PM on December 12, 2019.  On March 16, 2020, the Board of Deposit will award active deposits for the Designation Period.

    To hold active or interim deposits during the Designation Period, a Financial Institution must apply or renew its eligibility as a depository of public funds for the Designation Period.  The agreement to serve as a Depository of Public Funds is available on the website for the Treasurer’s Office at www.OhioTreasurer.gov or by direct request. Currently, all applications received will only be considered for interim deposits as the deadline to apply to serve as a public depository for active deposits was February 25, 2020.

    Questions regarding the Request for Proposal or application for active deposits or interim deposits may be emailed to [email protected].

    ¤ Depository Application Agreement   PDF
    ¤ Trustee Agreement  PDF
    ¤ Instructions for Depository Application  PDF
    ¤ FHLB Trustee Agreement  PDF

     

    1st National Bank
    Andover Bank
    Antwerp Exchange Bank Company
    Apple Creek Banking Company
    Axos Bank
    Bank of America
    Buckeye State Bank
    Cardinal Credit Union
    CFBank,NA
    Citizens Bank, NA
    Citizens National Bank of Bluffton
    Civista Bank
    CNB Bank
    Commercial & Savings Bank
    Community Bank
    Community First Bank, N.A.
    Consumers National Bank
    Cortland Savings & Banking Company
    Croghan Colonial Bank
    DESCO Federal Credit Union
    Farmers & Merchants State Bank
    Farmers and Merchants Bank
    Farmers National Bank of Canfield
    Farmers Savings Bank
    Farmers State Bank
    Fifth Third Bank
    First Citizens National Bank of Upper Sandusky
    First Commonwealth Bank
    Premier Bank
    First Federal Community Bank of Bucyrus
    First Federal Savings and Loan Association
    First Financial Bank, N.A.
    First National Bank in New Bremen
    First National Bank of Bellevue
    First National Bank of Pandora
    First National Bank of Pennsylvania
    First State Bank
    Fort Jennings State Bank
    Genoa Banking Company
    Greenville Federal
    Greenville National Bank
    Hamler State Bank
    Heartland Bank
    Henry County Bank
    Hocking Valley Bank
    Hometown Bank
    Huntington National Bank
    JPMorgan Chase Bank, N.A.
    KeyBank National Association
    Killbuck Savings Bank Co.
    Kingston National Bank
    LCNB National Bank
    Liberty National Bank
    Mechanics Bank
    Mercer Savings Bank
    Merchants National Bank
    Metamora State Bank
    Middlefield Banking Company
    Minster Bank
    Monroe Federal Savings and Loan Association
    National Cooperative Bank, N.A.
    North Side Bank & Trust Company
    North Valley Bank
    Northwest Bank
    Ohio Valley Bank Company
    Old Fort Banking Company
    Osgood State Bank
    Ottoville Bank Company
    Park National Bank
    Peoples Bank
    Peoples Bank Co.
    Peoples State Bank
    PNC Bank National Association
    Portage Community Bank
    Republic Banking Company
    Richwood Banking Company
    S&T Bank
    Savings Bank
    Sherwood State Bank
    Signature Bank, National Association
    St. Henry Bank
    State Bank and Trust Company
    Sutton Bank
    Superior Credit Union Inc
    TCF National Bank
    Telhio Credit Union
    The Home Loan Savings Bank
    U.S. Bank, National Association
    Unified Bank
    Union Bank Company
    Vinton County National Bank
    Waterford Bank, NA
    Wayne Savings Community Bank
    WesBanco Bank, Inc.
    Westfield Bank, FSB

     

    Federal Deposit Insurance Corporation
    For information on insurance coverage levels and other public deposit topics

    Government Finance Officers Associations
    For recommended practices and publications

    Ohio Department of Commerce, Division of Financial Institutions
    The Division of Financial Institutions regulates state chartered financial institutions and consumer finance companies

    U.S. Treasury, Financial Management Service
    For listing of sureties approved by the Treasury

    Ohio Department of Insurance
    For sureties licensed in Ohio

    A.M. Best
    For ratings of sureties

    American Banker Online
    For banking news, including regulatory announcements

    National Association of State Treasurers
    Serves as the nation's foremost authority for responsible state treasury programs and related financial practices, policies, and education