Bank Depository Services

Overview

Financial, Legal, HR & Staffing

Graham, Texas, United StatesPosted about 1 month agoDeadline: April 29th, 2026

Fit Score

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SUMMARY

Seeking a qualified bank to provide comprehensive depository and treasury management services for a government authority in Graham, Texas.

KEY REQUIREMENTS

Must be defined in the Texas Local Government Code, Chapter 105, Depositories for Municipal Funds
Must be a qualified public depository in accordance with the State of Texas General Statutes
Must be a member of the Federal Reserve System
Must be a State of Texas or federally chartered financial institution
Must have a banking facility located within the city of Graham
Must provide sufficient collateral for deposits as required by the Public Funds Collateral Act
Must submit last annual financial statements along with the last two quarterly FDIC Call Reports

BUDGET

Estimate

$50,000 – $250,000

CONTRACT DURATION

60 months

TIMELINE

April 1st, 2026 and April 8th, 2026: Advertise bank depository public bid notice.

April 22nd, 2026: Written requests for additional information due by 1:30 p.m.

April 29th, 2026: Proposals due by 4:00 p.m.

April 29th, 2026: Public proposal opening at 4:01 p.m.

May 28th, 2026 or later: Approval and award of contract by City Council.

October 1st, 2026: Contract term begins.

QUESTION DEADLINE

April 22nd, 2026

Issuing Agency

City Of Graham

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DESCRIPTION

The government authority in Graham, Texas is seeking proposals from qualified financial institutions to provide comprehensive bank depository services. The selected vendor will be responsible for a range of banking services for a large organization handling public funds, with objectives including secure fund management, enhanced fund availability, and leveraging technology to optimize operations.

Required services include general account management, information reporting, account reconcilement, electronic funds transfer, positive pay, controlled disbursement, return processing, image capture, custody services, and electronic platforms for both receipt and payment to facilitate effective treasury management.

The government seeks to work with a bank that is attentive to the city’s financial needs, maintains a strong working relationship, and accepts adequate compensation for the services provided. All questions regarding the RFP must be submitted by April 22, 2026.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.