Banking Services

Overview

Financial, Legal, HR & Staffing

Pineland, Texas, United StatesPosted 8 days agoDeadline: May 29th, 2026

Fit Score

Settle Intelligence

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SUMMARY

A Pineland, Texas government authority seeks a provider for a comprehensive suite of banking services, potentially favoring local banks, with a five-year contract term.

KEY REQUIREMENTS

Must provide audited financial statements for the most recent fiscal year
Must provide a copy of the current call report
Must provide a statement regarding any foreseen merger or acquisition
Must agree to maintain collateral sufficient to cover deposits above FDIC insured limit
Must hold securities in an independent third-party safekeeping institution
Must maintain collateral at a minimum of 102% marked to market monthly
Must assign an account executive and a trained backup
Must provide an automated PC-based reporting system for balance and detail reporting

CONTRACT DURATION

60 months

TIMELINE

Questions and proposals are due by May 29th, 2026.

The contract will be awarded on June 16th, 2026.

Service initiation begins on August 1st, 2026.

The contract term ends on July 31st, 2031.

QUESTION DEADLINE

May 29th, 2026

Issuing Agency

City Of Pineland

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DESCRIPTION

A government authority in Pineland, Texas is seeking a vendor to provide comprehensive banking services. The contract will be for a period of five years. Services required include wire transfer, automated daily balance reporting, standard disbursing and deposit services, reporting and account analysis, account executive support, direct deposit capabilities, daylight overdraft provisions, stop payment processing, and collateralization of deposits.

Preference may be given to financial institutions with full-service branches located within the city limits of Pineland in order to support local business. All questions regarding this opportunity must be submitted by May 29, 2026. Please note that only brief information is available and the main RFP document is not currently provided.

Source attribution

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