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 State Board of Deposit, Ohio Treasurer Robert Sprague encourages financial institutions to become eligible to accept public moneys belonging to the State of Ohio during the current designation period as set by the State Board of Deposit (“Designation Period”).

    “Interim deposits” are time and savings accounts awarded by the Ohio Treasurer. Examples include large dollar negotiated deposits and certificates of deposit placed through BidOhio or one of the Ohio Treasurer’s Linked Deposit programs. To be eligible to 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 Board of Deposit for approval.

    Application forms and instructions, as well as a checklist, are available on the Treasurer’s website at www.OhioTreasurer.gov under “Financial Institutions & Investors” or by direct request. Applications for interim deposits will be accepted throughout the Designation Period. If you have questions about the Application and Agreement for Deposit of Public Funds, please contact Blake Bishop at 614.644.1292 or [email protected].

    For depositories that seek an award of active deposits (demand deposit accounts), the application period is now closed. The next Request for Proposal (RFP) for banking services will be issued in the fourth quarter of calendar year 2024. The RFP schedule will be posted on the Treasurer’s website under Board of Deposit. The State Board of Deposit will designate depositories and award deposits in March 2025 pursuant to Ohio Revised Code Section 135.12.

    Please note: The Ohio Pooled Collateral System (OPCS) is separate and unique. Applications for participation in OPCS are accepted on a continuous basis and are not subject to approval by the State Board of Deposit. Information about OPCS can be found at https://opcs.ohio.gov.

    The Ohio Treasurer’s office welcomes your application and the opportunity to work with you during the Designation Period.

     

    ¤ Depository Application Agreement  PDF
    ¤ Trustee Agreement PDF
    ¤ Instructions for Depository Application PDF
    ¤ FHLB Trustee Agreement PDF
    ¤ Declaration of Participation for Interim DepositsPDF

     


    1st National Bank
    Adelphi Bank
    Andover Bank
    Antwerp Exchange Bank Company
    Apple Creek Banking Company
    Atomic Credit Union, Inc.
    Belmont Savings Bank
    Bridge Credit Union
    Buckeye Community Bank
    Buckeye State Bank
    Cardinal Credit Union
    CenterBank
    Century Federal Credit Union
    CFBank,NA
    Cincinnatus Savings & Loan Co
    Cinfed Credit Union
    Citizens Bank, NA
    Citizens Federal Savings & Loan Association
    Citizens National Bank of Bluffton
    Civista Bank
    CNB Bank
    Commercial & Savings Bank
    Community Bank
    Community First Bank, N.A.
    Community Savings
    Consumers National Bank
    Croghan Colonial Bank
    Day Air Credit Union
    Desco Credit Union
    Farmers & Merchants State Bank
    Farmers and Merchants Bank
    Farmers National Bank of Canfield
    Farmers Savings Bank
    Farmers State Bank
    Farmers State Bank 
    Fidelity Federal Savings & Loan Association
    Fifth Third Bank
    Firelands Federal Credit Union
    First Citizens National Bank of Upper Sandusky
    First Commonwealth Bank
    First Federal Community Bank of Bucyrus
    First Federal Community Bank, National Association
    First Federal Savings and Loan Association of Lakewood
    First Federal Savings and Loan Association of Lorain
    First Federal Savings & Loan Association
    First Financial Bank, N.A.
    First Merchants Bank
    First National Bank in New Bremen
    First National Bank of Bellevue
    First National Bank of Pandora
    First National Bank of Pennsylvania
    First National Bank of Sycamore
    First State Bank
    Fort Jennings State Bank
    Genoa Banking Company
    Greenville Federal
    Greenville National Bank
    Guardian Savings Bank
    Hamler State Bank
    Hancock Federal Credit Union
    Heartland Bank
    Hocking Valley Bank
    Hometown Bank
    Home Loan Savings Bank
    Home National Bank
    Home Savings and Loan Company of Kenton Ohio
    Huntington National Bank
    JPMorgan Chase Bank, N.A.
    Kemba Credit Union
    KEMBA Financial Credit Union
    KeyBank National Association
    Killbuck Savings Bank Co.
    Kingston National Bank
    LCNB National Bank
    Liberty Savings Bank, F.S.B.
    Mechanics Bank
    Mercer Savings Bank
    Merchants National Bank
    Metamora State Bank
    Middlefield Banking Company
    Minster Bank
    Monroe Federal Savings & Loan Association
    National Cooperative Bank, N.A.
    New Carlisle Federal Savings Bank
    North Side Bank & Trust Company
    North Valley Bank
    Northwest Bank
    Ohio State Bank
    Ohio Valley Bank Company
    Old Fort Banking Company
    Osgood State Bank
    Ottoville Bank Company
    Park National Bank
    Pathways Credit Union
    Peoples Bank
    Peoples Bank Co.
    Peoples State Bank
    PNC Bank National Association
    Portage Community Bank
    Premier Bank
    Quest Federal Credit Union
    Republic Banking Company
    Richwood Banking Company
    Riverside Bank of Dublin
    S&T Bank
    Savings Bank
    Seven Seventeen Credit Union, Inc.
    Sherwood State Bank
    Signature Bank, National Association
    Somerville Bank
    SSB Community Bank
    St. Henry Bank
    State Bank and Trust Company
    Sun Federal Credit Union
    Superior Credit Union
    Sutton Bank
    Telhio Credit Union
    Truist Bank
    Twin Valley Bank
    U.S. Bank, National Association
    Unified Bank
    Union Bank Company
    Union Savings Bank
    Valley Central Bank
    Van Wert Federal Savings Bank
    Vinton County National Bank
    Waterford Bank, NA
    Wayne Savings Community Bank
    WesBanco Bank, Inc.
    Westfield Bank, FSB
    Wilmington Savings Bank
    Your Legacy Federal Credit Union

     

    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