Pasadena Opengov #2026-RFP-0051

City of Pasadena Solicits Proposals for Comprehensive Banking Services

The City of Pasadena's Finance Department is seeking proposals for comprehensive banking services to manage all general and payroll accounts. - Government Buyer: - City of Pasadena, Finance Department - Scope of Services: - Comprehensive banking services for all city accounts - Management of general and payroll accounts - Collateralization of city deposits as required by California law - Handling an average of $1 million in daily credit and debit transactions - Vendor Requirements: - Must be a federal or state-chartered bank - Must be a qualified depository of public funds under California Government Code - Minimum 'satisfactory' Community Reinvestment Act (CRA) rating - Satisfactory rating from a nationally recognized bank rating service - Full-service branch within Pasadena city limits - Dedicated governmental services unit - Notable Requirements: - Compliance with public fund depository laws - Ability to serve a large, diverse municipal client - No specific OEMs or vendors named; open to all qualified financial institutions

Description

The City of Pasadena's Finance Department is soliciting proposals for banking services. The solicitation is open and responses must be submitted electronically. The project involves providing banking services to the City, with no specific license or classification requirements stated. The response deadline is July 9, 2026, and questions must be submitted by June 29, 2026.

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