The City of Davis has selected Sacramento-based River City Bank to manage more than $124 million as its primary business bank following a multi-month process.
River City Bank has built its reputation on the strength of its client relationships for more than 40 years, and our team looks forward to servicing the City of Davis with the same unswerving commitment that we provide to every client.
SACRAMENTO, CA (PRWEB) October 04, 2017
River City Bank, Sacramento’s premier business bank, announced the City of Davis as its newest business banking client. The City of Davis named River City Bank as its primary bank for an initial term of five years, during which it will be responsible for providing comprehensive banking services across multiple accounts. City representatives cited River City Bank’s experience in providing full-service banking to comparable public sector agencies, commitment to the community and honest business practices as key factors in the decision, which came to a vote before the Davis City Council in mid-July following a multi-month selection process.
“River City Bank has built its reputation on the strength of its client relationships for more than 40 years, and our team looks forward to servicing the City of Davis with the same unswerving commitment that we provide to every client,” said Steve Fleming, President and CEO of River City Bank. “We value our local communities, and we’re confident in our ability to maintain a shared vision that reinforces the financial vitality, stability and integrity they value.”
“The City is happy to be doing business with River City Bank,” said Robb Davis, City of Davis Mayor. “Our goals when selecting a bank included partnering with a local bank that has strong community values, is capable of providing all services necessary for a governmental agency and is well trusted in the financial world. We look forward to a long relationship and have confidence that River City Bank will assist us in meeting our financial goals.”
Following the City Council’s unanimous decision to terminate its relationship with Wells Fargo in February, River City Bank rose to the top of the list of business banks competing for the opportunity to manage the city’s financial accounts. Davis said he and the council are confident in the bank’s commitment to providing exceptional service and its emphasis on building strong banking relationships. In addition, he cited the bank’s involvement in the local community through charitable events, donations and fundraising activities as a positive reflection of its commitment to success at every level.
The City of Davis has a population of more than 68,000 and is home to UC Davis, a nationally accredited university specializing in agriculture science and medical training. Nationally, the UC Davis School of Medicine is a top 20 school for primary care training and a top 50 school for medical research. The city also maintains a variety of recreational facilities, cultural amenities, safe neighborhoods and convenient service establishments with a strong focus on community involvement.
For more information about the City of Davis, visit CityofDavis.org. To learn more about River City Bank’s premier business banking services, visit RiverCityBank.com.
About River City Bank
Recently named one of Sacramento Business Journal’s “50 Fastest Growing Companies,” River City Bank is the Sacramento region’s premier business bank with assets of more than $1.9 billion. River City Bank offers a comprehensive suite of banking services, including loans, deposits and cash management tools to the business, consumer and commercial real estate sectors. With tailored, executive-level service and a Five Star “Superior” financial rating from the nation’s leading independent bank-rating firm, Bauer Financial, River City Bank redefines the banking experience and every touch point that surrounds it. River City Bank is the largest, independent, locally-owned bank in the Sacramento region with an office in the San Francisco Bay Area and a presence in Southern California. For additional information, please visit http://www.rivercitybank.com or call (916) 567-2600. Member FDIC. Equal Housing Lender.