San Bernardino County Transportation Authority PlanetBids #RFP26-1003451

SBCTA seeks custodial banking services for $250–$300 million portfolio

San Bernardino County Transportation Authority (SBCTA) is seeking custodial banking services for its $250–$300 million portfolio. - Government Buyer: - San Bernardino County Transportation Authority (SBCTA), Procurement Office - Services Requested: - Custodial banking services to maintain a single custody account for all cash and fixed-income securities owned by SBCTA - Safekeeping and clearing securities on a delivery versus payment basis - Segregation of SBCTA assets from other accounts - Monthly reporting and online access to account statements - Facilitation of wire transfers and settlement of transactions - Collection of income and proactive recommendations/notifications - Response to audit requests - Portfolio Details: - Portfolio value: approximately $250–$300 million in cash and domestic fixed-income securities - Notable Requirements: - Experience managing similar-sized portfolios - Compliance with all applicable laws and regulations - Ability to provide regular, detailed reporting - Encouragement of small and disadvantaged business subconsultants - OEMs and Vendors Mentioned: - Allied Solutions - BMO Bank N.A. - J.P. Morgan - MandateWire - No specific product part numbers or purchase quantities listed, as this is a service-based solicitation - Place of Performance and Delivery: - SBCTA Procurement Office, 1170 W. 3rd Street, 2nd Floor, San Bernardino, CA 92410-1715

Description

The San Bernardino County Transportation Authority (SBCTA) is soliciting proposals from qualified firms to maintain one custody account for the cash and securities owned by SBCTA. The portfolio is approximately $250 - $300 million in cash and fixed-income domestic securities combined. The solicitation includes a detailed Scope of Work in the RFP. Proposals are due electronically by June 18, 2026, and the contract award is expected in August 2026.

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