What the buyer needs

AI summary

The Finance Authority of New Orleans seeks a strategic banking partner to support its complete range of banking needs, including general operating accounts, the $100 million Resilient New Orleans Fund, Housing Trust Fund, and other specialized programs. The required scope includes depository and operating accounts, collateralization of public deposits exceeding FDIC limits, treasury management, online banking, monthly account analysis, cybersecurity controls, and a capital recycling strategy. Only USA-based organizations operating as onshore entities are eligible to bid, and performance occurs offsite. Bidders must submit proposals digitally as a PDF via email to [email protected] by November 10, 2026, at 4:00 PM CDT. All questions and requests for clarification must be emailed to the same address no later than October 13, 2026. Submissions must include a signed cover letter, completed bank questionnaire, signed Conflict of Interest Disclosure Affidavit, and DBE Participation Form. Proposals will be evaluated and scored by an evaluation committee using weighted criteria. The contract term is three years, and the source text notes the budget status as seeking proposals.

Scope of work

Depository and operating accounts including checking, money market, and sweep arrangements
Treasury and online banking services including wire transfers, ACH, positive pay, and GL integration
Account analysis and monthly statements by program and account
Collateralization of public deposits in excess of FDIC limits
Cybersecurity controls, data security, and SOC 1 or SOC 2 audit reports
Capital recycling strategies and support for community investment activities
Service level standards with defined cutoff times and committed implementation timeline

How proposals are evaluated

Criterion	Weight / scoring
Cost Competitiveness (fees, aggregate cost)	15%
Earnings Credit Rate / Historical Interest Rates Paid	10%

Minimum qualifications

Banking corporation or depository institution chartered under state or federal law and authorized to do business in Louisiana
Insured by the Federal Deposit Insurance Corporation (FDIC) or National Credit Union Administration (NCUA)
Eligible to serve as a fiscal agent and public depository under Louisiana law
Ability and willingness to pledge collateral on all public deposits in accordance with Louisiana law and FNO investment policy
Compliance with applicable state and local procurement laws and FNO procurement policy

Documents to include with your response

Signed cover letter as a PDF file
Attachment B Fee Schedule
Attachment C Requested Information / Banking Questionnaire
Most recent call report
Bank rating agency rating
Community Reinvestment Act (CRA) rating and rating authority
Most recent SOC 1 and/or SOC 2 (or equivalent) audit report
Attachment D Conflict of Interest / Confidentiality
Attachment G Conflict of Interest Disclosure Affidavit
Attachment H DBE Participation Form

How to submit

Method: Electronic via email
Instructions: Submit responses via email to [email protected] no later than November 10, 2026, 4:00 PM CDT, including a PDF signed cover letter.