Primary Depository and Banking Services
City of Shenandoah
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Description
The City of Shenandoah is soliciting applications from qualified financial institutions with a main or branch office in ZIP codes 77380, 77381, 77384, or 77385 to provide primary depository services. The scope includes online banking and reporting, wire transfers, ACH origination, remote deposit capture, electronic lockbox services, positive pay and ACH fraud protection, account analysis, earnings credit or interest-bearing account options, branch depository services, employee check cashing, and related account services. The selected institution may also provide securities safekeeping and clearing services, collateral custody and monitoring, delivery-versus-payment transactions, and related reporting. Applicants must complete the RFA and fee schedule, provide required disclosures and certifications, submit comparable Texas public-sector references, and provide supporting materials including a pro forma account analysis, securities safekeeping fee schedule, and applicable financial and regulatory documentation. The initial contract term is two years, with up to three additional one-year extensions.
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- Minimum 3 references
- Client point of contact required for each reference
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