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For a growing nonprofit of that size, I would consider community banks or credit unions alongside larger institutions. They can sometimes offer more personalised service, while networks such as CDARS or ICS may provide options for managing larger deposits across participating institutions. I would look for a banking partner that understands nonprofits and offers a reliable online portal. Having a responsive relationship manager can also be very helpful.
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For a nonprofit at that scale, I would look beyond traditional banks and compare institutions that understand nonprofit cash management. I would also prioritize options that can help diversify deposits and manage funds efficiently while staying within FDIC insurance rules.