Texas DIR/ESBD #2026-022-1

City of Pflugerville Solicits Primary Depository Banking Services

The City of Pflugerville, Texas is seeking qualified financial institutions to provide primary depository services for municipal funds. - Government Buyer: - City of Pflugerville, Finance Department - Eligible Vendors: - All FDIC-insured financial institutions with a full-service branch within Pflugerville or specified zip codes (78660, 78664, 78728) - Products/Services Requested: - Comprehensive banking and treasury management services, including: - Account maintenance and reconciliation - Online banking portal with reporting and transaction capabilities - ACH origination and processing - Wire transfers (domestic and international) - Fraud protection (positive pay, ACH fraud filter) - Collateralization of deposits per Texas Public Funds Collateral Act - Safekeeping of City-owned securities - Remote deposit capture - Returned check processing - Branch depository services - Payroll pay cards - Investment and custody services - Notable Requirements: - Physical branch presence within Pflugerville or specified zip codes is mandatory - Strict adherence to the City's investment policy and Texas Public Funds Collateral Act - Full disclosure of all fees via a detailed Bank Services Fee Schedule - Compliance with Texas conflict of interest and disclosure regulations - Competitive pricing and high service quality expected - Transition period of up to 90 days allowed for migration at contract end

Description

The City of Pflugerville, Texas is soliciting sealed applications from eligible and qualified financial institutions with a physical location within the City’s municipal boundaries and/or the Zip Codes of 78660, 78664, and 78728 to provide primary Depository Services. The contract term will commence on December 31, 2026, and end December 31, 2028, with an option to extend for up to three additional one-year periods. Applications must include a completed application and a bank service fee schedule, and must be submitted electronically by 2:00 p.m. on August 13, 2026. The award will be considered by the City Council on September 22, 2026.

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