Primary Depository and Banking Services

Overview

Financial, Legal, HR & Staffing

Midland, Texas, United StatesPosted 6 days agoDeadline: June 3rd, 2026

Fit Score

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SUMMARY

This RFP seeks a financial institution to provide primary and secondary depository and banking services for city funds in Midland, Texas.

KEY REQUIREMENTS

BUDGET

Estimate

$15,000,000 – $25,000,000

CONTRACT DURATION

60 months

TIMELINE

Release of Request for Proposal: May 1st, 2026

Deadline for submission of RFP questions: May 13th, 2026

Responses to questions provided: May 15th, 2026

Deadline for proposal submission: June 3rd, 2026

City Council Action to Award Contract: June 23rd, 2026

Termination of old Contract Agreement: August 31st, 2026

New Contract Commence: September 1st, 2026

QUESTION DEADLINE

May 13th, 2026

Issuing Agency

City Of Midland

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DESCRIPTION

The selected vendor will provide primary depository and banking services for the investment of city funds and act as the primary commercial banking provider for a municipal government authority located in Midland, Texas. In addition, the city seeks to designate one or more banks to serve as secondary depositories for the investment of city funds.

All interested parties must submit questions pertaining to the RFP no later than May 13, 2026. The selected financial institution(s) will play a pivotal role in safeguarding city assets and supporting the municipality’s ongoing banking needs.

Source attribution

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