Municipal Banking Services

Overview

Financial, Legal, HR & Staffing

Simpsonville, South Carolina, United StatesPosted 8 days agoDeadline: May 28th, 2026

Fit Score

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SUMMARY

Simpsonville, SC seeks a financial institution to provide full municipal banking services, emphasizing security, robust treasury technology, detailed reporting, and public-sector support over a five-year contract.

KEY REQUIREMENTS

Must have at least five years of experience providing comparable services to municipalities or similarly situated public entities
Must be duly chartered, licensed, and authorized to conduct banking business in South Carolina
Must maintain at least one full-service branch within 20 miles of Simpsonville City Hall
Must provide evidence of insurance customarily maintained for banking operations
Must provide evidence of current good standing with applicable regulators

BUDGET

Estimate

$50,000 – $250,000

CONTRACT DURATION

60 months

TIMELINE

Issue Date: April 28th, 2026

Deadline for Written Questions: May 21st, 2026

Proposal Due Date: May 28th, 2026

Interviews/Presentations: June 8th, 2026

Notice of Intent to Award: June 29th, 2026

Contract Execution: June 30th, 2026

Implementation/Go-Live: July 1st, 2026

QUESTION DEADLINE

May 21st, 2026

Issuing Agency

City Of Simpsonville

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

The municipal government authority in Simpsonville, South Carolina, seeks a qualified financial institution to provide comprehensive municipal banking services. The selected vendor will be responsible for secure and reliable banking operations, which should include robust treasury technology and reporting tools, strong fraud prevention measures, advanced cybersecurity protocols, and dedicated support for public-sector accounts. Competitive fee and earnings structures are also required.

Key service components include the provision and management of account structure and collateralization, wire and ACH services, deposits and collections, remote deposit capture (RDC), courier or transport services for financial documents, an online banking and treasury portal, and systems for electronic records and archiving. Additional requirements consist of positive pay and payee positive pay services, stop payment services, and well-developed business continuity and incident response plans. Vendors will need to submit a comprehensive profile outlining annual deposit volume, number of accounts, check and wire volumes, payroll processing, and other relevant transaction metrics. The contract will be for a five-year period.

Source attribution

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