Primary Bank Depository Services

Overview

Financial, Legal, HR & Staffing

McAllen, Texas, United States; Rio Grande City, Texas, United States; Weslaco, Texas, United States; Pharr, Texas, United StatesPosted about 1 month agoDeadline: April 30th, 2026

Fit Score

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SUMMARY

The City of McAllen, Texas seeks a financial institution to provide primary bank depository services through an eight-year contract.

KEY REQUIREMENTS

Must have a main office or branch office operating within Hidalgo or Starr counties, Texas
Must be a lawfully established business regularly engaged in providing the requested services
Must not be delinquent in the payment of any franchise taxes owed to the State of Texas
Must not be delinquent in the payment of any property taxes owed to South Texas College
Must not be suspended, debarred, or otherwise declared ineligible to contract by any government agency
Must comply with the Public Funds Collateral Act, Chapter 2257, Government Code
Must provide safekeeping services for securities owned by the College
Must provide a FIRREA compliant resolution of certification
Must provide at least three comparable references of Texas public funds clients

BUDGET

Estimate

$5,000,000 – $6,000,000

CONTRACT DURATION

96 months

TIMELINE

Release Project Date: April 1st, 2026

Pre-Proposal Conference: April 9th, 2026

Question Submission Deadline: April 14th, 2026

Response Submission Deadline: April 30th, 2026

Tentative Board Consideration: June 23rd, 2026

QUESTION DEADLINE

April 14th, 2026

Issuing Agency

South Texas College

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DESCRIPTION

A government authority in McAllen, Texas is seeking a vendor to provide primary bank depository services. The objective is to establish a depository services contract that is mutually beneficial and aligns with the authority's financial management goals.

The authority reserves the right to contact and negotiate with all proposers for the clarification or verification of proposals prior to the award. Prospective vendors may attend a non-mandatory pre-bid meeting scheduled for April 9, 2026, and questions regarding the RFP must be submitted by April 14, 2026. The resulting contract will have a term of eight years, offering long-term partnership potential.

Source attribution

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