Bank of America Handles County’s Cash Management

Bank of America has been chosen to provide cash-management services to the county of Ventura.

The bank will handle accounts ranging from the treasurer’s office and school districts to courts and the Sheriff’s Department. Cash-management services will include account reconcilement, electronic payment processing and direct deposit.

Bank of America and The Bank of New York submitted a joint proposal for the county’s business after the two banks formed an alliance in 1995 to offer custodial services to public entities.