Banking Services

Overview

Financial, Legal, HR & Staffing

Nashville, Tennessee, United StatesPosted about 1 month agoDeadline: May 1st, 2026

Fit Score

Settle Intelligence

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SUMMARY

Seeking a provider for comprehensive banking services, including account management, investment services, and transaction processing, for a government authority in Nashville, Tennessee.

KEY REQUIREMENTS

Must be a responsible, dependable, qualified and experienced financial institution
Must provide a performance bond
Must hold all necessary or appropriate business or professional licenses
Must be registered with or exempted by the Tennessee Department of Revenue for the collection of Tennessee sales and use tax
Must provide collateral security for all accounts as per T.C.A. Section 9-4-103
Must provide a commercial general liability policy with minimum limits of $1,000,000 per occurrence and $3,000,000 in the aggregate
Must maintain workers' compensation coverage as required under Tennessee law
Must provide audited financial statements
Must be supervised by the Department of Financial Institutions of the State of Tennessee, the United States Comptroller of the Currency, or the Federal Home Loan Bank Board

BUDGET

Estimate

$20,000,000 – $30,000,000

CONTRACT DURATION

60 months

TIMELINE

March 25th, 2026: RFP Issued

April 1st, 2026: Disability Accommodation Request Deadline

April 1st, 2026: Written Questions Deadline Prior to Pre-Proposal Conference

April 1st, 2026: Notice of Intent to Propose Deadline

April 8th, 2026: Pre-Proposal Conference

April 10th, 2026: Written Questions Deadline After the Pre-Proposal Conference

April 15th, 2026: Institution Responds to Written Questions

May 1st, 2026: Proposal Deadline

QUESTION DEADLINE

April 10th, 2026

Issuing Agency

Tennessee State University

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DESCRIPTION

The government authority in Nashville, Tennessee is seeking a vendor to provide comprehensive banking services. The scope of work includes managing a general operating account, payroll account, and an insurance clearing account specifically for Insurance System transactions. Services also encompass investment options, processing of credit card transactions, provision and management of cash dispensing machines, and payroll card/student refund services.

All services provided must support the government's financial operations efficiently and securely. Vendors are invited to attend a pre-proposal conference scheduled for April 8, 2026, and are required to submit any questions by April 10, 2026. The selected provider will be responsible for delivering all related banking services as outlined.

Source attribution

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