Denton Ionwave #9027 Addendum 1

City of Denton Solicitation for Comprehensive Bank Depository Services

The City of Denton, Texas, is seeking proposals from eligible financial institutions to provide comprehensive bank depository services for public funds. - Government Buyer: - City of Denton, Texas - Finance Department (Treasury and Debt Management) - Purchasing Office - Eligible Vendors: - State or national banks, credit unions, or savings associations with a physical branch in Denton - Primary Services Requested: - Comprehensive bank depository services, including: - Management of multiple zero-balance accounts - Controlled disbursement and payroll ACH transfers (approx. $10.2M bi-weekly) - Lockbox services for utility and EMS billing (including HIPAA-compliant document handling) - Safekeeping of funds and limited certificate of deposit purchases - Wire transfers, online banking with multifactor authentication and dual authorization - Cash vault currency/coin deposits (approx. 2.9 million items annually) - Returned item processing, fraud protection, and workflow automation (optional) - Detailed reporting, account analysis, and electronic data interchange - Product and Service Line Items: - High annual volumes for services such as: - 125,075 balance and compensation information items - 34,150 wholesale lockbox deposited checks - 2,902,003 cash vault currency/coin deposited - 39,424 eBox payments - 68,286 ACH future dated items - 88,553 ARP statements/reports (CSV or Excel) - Dozens of other banking, reporting, and lockbox processing line items - Unique or Notable Requirements: - Physical branch presence in Denton is mandatory - Compliance with Texas Local Government Code Chapter 105 and related statutes - Firm pricing for the first year; annual adjustments capped at 8% - Must provide all requested services (no partial bids) - Detailed financial disclosures, insurance, and conflict of interest documentation required - Innovative, cost-effective solutions and workflow automation are encouraged - Place of Performance / Delivery: - City of Denton, Texas (government facilities and offices) - Key addresses: 901-B Texas Street and 215 E McKinney St, Denton, TX

Description

The City of Denton is soliciting proposals from eligible banks, credit unions, or savings associations with a branch in Denton, Texas, to serve as the bank depository for public funds. The contract will cover depository services excluding investment transactions except for safekeeping and limited certificate of deposit purchases. The contract term is five years starting in 2026, with options for termination and extension. The City seeks a bank that can provide comprehensive, responsive services, optimize earnings on balances, and comply with relevant Texas codes. Proposals must include detailed financial and service information, a fee schedule, and adherence to specified insurance and contractual requirements.

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