By Cliff Fernandes
On Jan. 25, City College approved a contract with Bank of America to install ATMs next to the Ocean Campus cafeteria, where Wells Fargo ATMs were previously situated.
The Wells Fargo contract was terminated for non-compliance in December 2017, and City College held a bid to replace the ATMs in 2016. Public contracts require renewal every five years, Dean of Administrative Services Kathy Hennig said at the Jan. 25, 2018 board of trustees meeting.
“Wells Fargo has had our contract for over 10 years since early 90s with no payment to the college and no competitive process,” Hennig said.
City College approached the five financial institutions most widely utilized by student and faculty on the college’s payroll.
Bank of America offered $1,000 per month and will provide ATMs featuring multilingual interfaces. At the time of press, no ATMs occupied the space next to Smith Hall that previously housed two Wells Fargo ATMs.