-US POSTAL SERVICE: U.S. Postal Service names banks to manage post office deposits

0 Comments | M2 Presswire, June, 1998

M2 PRESSWIRE-18 June 1998-US POSTAL SERVICE: U.S. Postal Service names banks to manage post office deposits in Iowa, Nebraska, North and South Dakota (C)1994-98 M2 COMMUNICATIONS LTD RDATE:170698 WASHINGTON -- The U.S. Postal Service announced today that it has signed agreements with Firstar Bank Iowa, N.A., the First National Bank of Omaha, and the First National Bank of Sioux Falls, to manage the cash flow of post offices in four Midwestern states.

"Today's signing moves us closer to our goal of completing strategic relationships with a smaller number of banks," said Postal Service Treasurer Stephen M. Kearney. "We are committed to continuing improvement in the management of Postal Service finances through strategic banking relationships that ensure a high level...