Banking Services

Overview

Financial, Legal, HR & Staffing

Irmo, South Carolina, United StatesPosted 23 days agoDeadline: May 22nd, 2026

Fit Score

Settle Intelligence

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SUMMARY

Irmo, South Carolina seeks a financial institution to manage general banking, deposit, and custody functions with a focus on efficiency and technological enhancement.

KEY REQUIREMENTS

Must be chartered to do business in South Carolina
Must maintain at least one full-service branch within seven miles of 7300 Woodrow Street, Irmo, SC 29063
Must be a sending and receiving bank of the National Automated Clearing House Association (NACHA)
Must agree to provide 100% collateral on all funds in excess of FDIC limits
Must provide banking and investment services as outlined in the RFP
Must be able to provide positive pay with payee name services
Must provide online banking portal for account management, image retrieval, and reporting
Must not be in arrears or in default with the Town on any previous contract

BUDGET

Estimate

$50,000 – $150,000

CONTRACT DURATION

84 months

TIMELINE

Request for Proposals Issued: April 13th, 2026

Notice of Intent to Respond Due Date: April 24th, 2026

Questions/Clarifications Due: May 1st, 2026

Responses to Questions Distributed: May 8th, 2026

Proposals Due: May 22nd, 2026

Interviews of Selected Banks: June 3rd-4th, 2026

Town Council Approval: June 16th, 2026

QUESTION DEADLINE

May 1st, 2026

Issuing Agency

Town Of Irmo

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

A government authority located in Irmo, South Carolina is seeking a vendor to provide comprehensive banking services. The selected financial institution will be responsible for administering the Town’s general banking, deposit, and custody operations.

Objectives include streamlining cash handling processes, enhancing funds availability, increasing the use of technology in banking operations to reduce costs, and improving efficiency in treasury management. The chosen partner will play a key role in supporting the Town’s financial infrastructure and advancing its treasury management objectives.

Source attribution

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