Banking and Direct Deposit Payroll Processing Services

The City of Fort Collins seeks banking institutions to provide municipal banking and direct deposit payroll processing services. The required scope includes depository services, ACH, wire transfers, EDI, lock box services, direct deposit payroll, controlled disbursements, account reconciliation, positive pay, information reporting, and banking-treasury workstations. Eligible applicants are onshore US banking institutions qualified under Colorado Revised Statutes to provide municipal banking services. Work performance will occur offsite for a one-year contract term. Proposals must be submitted online through the Rocky Mountain E-Purchasing System by November 10, 2026, at 3:00 PM MT. Written questions must be emailed to Jake Rector by October 28, 2026, at 3:00 PM MT. Submissions must include a transmittal letter, three recent audited financial statements, a signed Acknowledgement Form, a completed Service Pricing Form, and a Requirements Response Matrix. Proposals must remain valid for 180 calendar days. The evaluation process uses a 1-to-10 rating scale, specifically weighting cost by evaluating the five-year service cost, recurring charges, credits, and earnings credit rates.