Banking Depository Services

The City of Glenn Heights, Texas is seeking a qualified financial institution to provide comprehensive, consistent, and quality banking depository services. The city requires these services to manage and secure its financial assets across multiple fund types, including the General Fund, Enterprise Funds, Special Revenue Funds, General Obligation Interest and Sinking Fund, Capital Projects Funds, Water and Sewer Utility Fund, Drainage Utility Fund, and any other contractually delegated funds. Additionally, the selected institution must manage bond funds, including debt service and reserve funds, in strict compliance with bond ordinances, the Internal Revenue Code, and applicable federal regulations. The city's Investment Policy governs the investment of all financial assets considered part of the municipal entity. Eligible bidders must be onshore organizations located within the United States. The agency requires all contracted depository work to be performed offsite. The city is currently looking for proposals to determine the budget and pricing structure for these services. Interested parties must submit all questions regarding this opportunity no later than June 12, 2026.