Banking and Depository Services
- Client
- Rancho Cordova, California
- RFP Number
- BANKING-9466
- Posted
- 10/8/2026
- Category
- Banking Services
- Budget
- Looking for Proposals
- NAICS
- —
- Set-aside
- —
- Contact
- —
Description
AI GeneratedThe Cordova Recreation & Park District requires banking and treasury management services to handle its Payroll Disbursement, Recreation Revenue Collection, and Cordova Golf Course Revenue Collection accounts. Scope requirements include secure deposit accounts, ACH and payment processing, online banking, fraud protection tools, cash and check processing, armored carrier deposit acceptance, collateralized deposits, and public-sector customer service. Eligible applicants are qualified USA-based financial institutions that possess governmental banking experience. Proposals can be submitted digitally via email, online, or delivered to the District Office in Rancho Cordova, CA, by October 30, 2026, at 5:00 PM. The question deadline is October 16, and the District will evaluate proposals based on criteria including 20% for public agency experience and references to select the best overall value. The buyer intends to award an initial five-year contract with two optional one-year extensions.
Key solicitation details
AI-extracted from 20260929135323701 RFP - Banking Services 2027 rev 9-29-26.pdf. Confirm against the original documents before bidding.
The Cordova Recreation & Park District is requesting proposals from qualified financial institutions to provide depository banking and treasury management services. The selected institution will manage payroll disbursement, recreation revenue collection, and golf course revenue collection accounts. The solicitation is open to qualified financial institutions.
- Issued by
- Cordova Recreation & Park District
- RFP Release Date
- September 28, 2026
- Questions Due
- October 16, 2026
- Responses Issued
- October 23, 2026
- Proposals Due
- Friday, October 30, 2026 @ 5:00pm
- Evaluations
- November 6, 2026
- Interviews (if necessary)
- November 9-12, 2026
- Selection
- November 13, 2026
- Implementation
- December 2026
- Go Live
- January 1, 2027
- How to submit
- Not explicitly stated
- Submission details
- Submit proposals to the District Office before Friday, October 30, 2026 @ 5:00pm to Matthew Goodell, Chief Financial Officer, Cordova Recreation & Park District, 11070 White Rock Road, Suite 130, Rancho Cordova, CA 95670.
- Contract term
- Initial five-year agreement with two optional one-year extensions
- Place of performance
- Rancho Cordova, CA and proposer's facilities
- Funding
- California Government Code requirements governing public deposits
How proposals are evaluated
| Earnings potential on deposits and idle cash | 30% |
| Banking and treasury services | 25% |
| Public agency experience and references | 20% |
| Security/fraud prevention | 15% |
| Fees | 10% |
Scope of work
- Payroll Disbursement Account management
- Recreation Revenue Collection Account management
- Cordova Golf Course Revenue Collection Account management
- ACH and payment processing services
- Online banking services
- Fraud protection tools and Positive Pay services
- Cash and check deposit processing
- Armored carrier deposit acceptance
Minimum qualifications
- Must be a qualified financial institution
- Must collateralize deposits in accordance with applicable California Government Code requirements governing public deposits
Documents to include with the bid
- Executive Summary
- Company Information
- Public Agency Experience description and at least three public agency references
- Banking Service Team information
- Deposit Earnings Proposal
- Fraud Prevention and Security Requirements response
- Banking Services capabilities details
- Fee Schedule
Verify important details
Document checkConfirm submission instructions and amendments with the issuing agency before responding.
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