Banking Depository Services
- Client
- City of Galveston
- RFP Number
- BANKING-9456
- Posted
- 10/7/2026
- Category
- Banking Services
- Budget
- Looking for proposal
- NAICS
- —
- Set-aside
- —
- Contact
- —
Description
AI GeneratedThe City of Galveston is seeking proposals from eligible onshore U.S. banking or financial institutions to provide comprehensive banking depository services. The scope of work includes receiving deposits, paying items, managing wire transfers, issuing stop payments, providing electronic cash management and transaction access, rendering monthly bank statements within five working days, and paying interest on daily deposits above minimum requirements. The selected bank must maximize earnings on account balances while managing basic treasury operations and offering a potential revocable alternative line of credit. Proposals must be submitted electronically through the City’s online submittal portal by 10:00 A.M. CST on October 23, 2026. Questions must be submitted online by 10:00 A.M. CST on October 9, 2026. Submittals must include the entire proposal package, all provided forms, required executed exhibits, and pricing details. The contract term is three years, with automatic renewals for two additional one-year periods upon City Council award. Budget proposal details are requested directly from the proposers.
Key solicitation details
AI-extracted from RFP-26-21-Banking-Depository-Services.pdf. Confirm against the original documents before bidding.
The City of Galveston is soliciting competitive sealed proposals from qualified financial institutions to provide banking depository services. The scope encompasses core banking functions, electronic cash management, and interest-bearing account services. Eligible offerors are financial institutions capable of servicing the city treasury and debt management requirements.
- Issued by
- City of Galveston
- Issuance of RFP
- September 29, 2026
- Deadline for Questions
- 10:00 A.M., (CST); Friday, October 9, 2026
- Submittal Deadline
- 10:00 A.M., (CST); Friday, October 23, 2026
- How to submit
- Electronic submittals required
- Submission details
- Submitted electronically via the provided submittal link. File size limit is 250 mb per document; proposals may be broken into several documents if necessary.
- Contract term
- Three (3) years, with automatic renewals for two (2) successive one (1) year periods
- Place of performance
- Galveston, TX
- Insurance and bonding
- Worker's Compensation and Employer's Liability insurance; Commercial General Liability insurance for at least one million dollars aggregate; Comprehensive Automobile Liability insurance.
- Funding
- FEMA
How proposals are evaluated
| Operational Requirements | 20 |
| Firm/Assigned Representative Experience | 15 |
| Financial Strength | 5 |
| Scope of Additional Services Offered | 10 |
| Transition | 15 |
| Compliance with the requirements of this RFP and quality of proposal | 5 |
| Fees | 30 |
Scope of work
- Receiving deposits, paying items, wiring funds out, and receiving funds wired in
- Stop payments and normal business banking activities
- Electronic cash management and electronic access to transaction information
- Interest paid on daily deposits above minimum requirements
- Rendering bank statements within five working days after month close
- Monthly account analysis statements showing volume counts and fees
- Collateralization of deposits exceeding FDIC insurance limits at 110% market value
- Full, partial, deposit, and serial sort reconciliation services
Minimum qualifications
- Registered or active registration with the System for Award Management (SAM.gov)
- Capable financial institution attentive to City money matters
- Subscriber to the Federal Security Wire for third-party safekeeping bank
Documents to include with the bid
- Signed and Completed Appendix A – Proposal Document
- Signed and Completed Appendix B – Form CIQ
- Signed and Completed Appendix C – House Bills 13, 19, 89 Verifications
- Signed and Completed Appendix D – Property Tax Statement
- Signed and Completed Appendix E – Nepotism Statement
- Signed and Completed Appendix F – Non-Collusion Statement
- Signed and Completed Appendix G – Certification Regarding Debarment
- Signed and Completed Pricing Proposal
- Signed and Completed Addenda Checklist (if applicable)
- Completed References
Verify important details
Document checkConfirm submission instructions and amendments with the issuing agency before responding.
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