Banking Services

City of CentraliaIllinois, USADue Wednesday, November 4, 2026

Client: City of Centralia
Solicitation No.: —
Posted: —
Category: Banking Services
Budget: Looking for Proposals
NAICS: —
Set-aside: —
Contact: —

Description

AI Generated

The City of Centralia, IL requires a USA-based vendor to provide depository, on-line banking, positive pay, collection and deposit, and purchasing card services. The buyer needs the vendor to perform the work offsite at the vendor's office premises and ensure a seamless transition that protects biweekly payroll, monthly pension payments, utility collections, ACH, wires, and other critical operations. Proposing banks must describe their service capabilities, deposit cutoff times, bag requirements, standard return and re-clear processing, and positive pay options with sample reports. Additionally, the vendor must supply internet-based banking software offering daily balance summary and detail reporting with check images, alongside online purchasing card management tools. The buyer accepts proposals for its budget and requires vendors to submit all questions no later than October 14, 2026. The text does not disclose evaluation criteria or specific submission deadline dates.

Key solicitation details

AI-extracted from BANKING-9314.pdf. Confirm against the original documents before bidding.

The City of Centralia is seeking proposals from commercial banking institutions to provide depository and various other banking services. The selected institution must have a home office or branch facility within the corporate city limits of Centralia, Illinois. The chosen bank will coordinate a smooth transition for critical municipal operations without disrupting payroll, pension payments, or utility collections.

Issued by: City of Centralia
Release RFP: September 8, 2026
Questions Due to City in Writing: October 14, 2026 at 10:00 a.m.
Deadline for City to Respond to Questions: October 21, 2026
Deadline for Submission of Proposals: November 4, 2026 at 10:00 a.m.
Evaluation of Proposals and Selection Process: November 2026
Award of Agreement (tentative): December 7, 2026
Implementation (tentative): January 15, 2027
How to submit: Sealed hard copy
Submission details: Delivered or received in triplicate in a sealed envelope by 10:00 a.m. on November 4, 2026.
Place of performance: Centralia, Illinois / Vendor office premises
Insurance and bonding: The successful proposer shall, prior to execution of the Banking Services Agreement, furnish the City with certificates of insurance evidencing the required insurance coverage.

How proposals are evaluated

Responsiveness to submission requirements
Interest rate offered
Experience and governmental knowledge of bank team

Scope of work

Wire transfer services and online initiation/monitoring
Automated Clearing House (ACH) debit and credit services
Collection and deposit services, including cutoff times and deposit bag details
Monthly bank statements and accounts analysis reports
Collateralization of account balances at 110%
Online banking software with balance reporting and check images
Positive pay services
Purchasing card services

Minimum qualifications

Commercial banking institution with home offices or branch facilities within the corporate city limits of Centralia, Illinois
Capability and expertise to provide depository and other required banking services
Must be both a sending and receiving bank on the Automated Clearing House system

Documents to include with the bid

Description of wire transfer services and policies
Description of ACH services
Description of collection and deposit services
Sample copy of monthly statement and accounts analysis
Name of collateral custodian to be used
Sample positive pay report
Fee listing for pricing of required and optional services

Verify important details

Document check

Confirm submission instructions and amendments with the issuing agency before responding.

1 available fileDocuments checked Sep 5, 2026

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