Opportunity
Missouri BUYS #STATE 0000000540SL
Missouri Banking Safekeeping Depository Account Services Solicitation
Posted
August 14, 2026
Respond By
August 28, 2026
Identifier
STATE 0000000540SL
NAICS
523991, 525920, 522190
Missouri's Department of Commerce and Insurance is seeking proposals for Banking Safekeeping Depository Account Services to manage statutory deposits and insurance company assets. - Government Buyer: - State of Missouri, Department of Commerce and Insurance - Office of Administration, Division of Purchasing - OEMs and Vendors: - No specific OEMs or vendors named; must be a Missouri-based financial institution with at least five years of relevant experience - Services Requested: - Safekeeping and custody of securities - Management of statutory deposits - Compliance with NAIC custodial and safekeeping agreement requirements - Online communication systems and reporting - Qualified personnel including leadership and depository staff - Monthly account maintenance (3,000 accounts) - Transaction processing: deposits, checks, wire transfers, ACH debits/credits, non-ACH transactions - Initial deposit safekeeping, withdrawals before maturity, US Treasury/agency receipts, interest payments, DTC municipal bond services - Statements, audit requests, overdraft charges - Unique/Notable Requirements: - Contractor must be a Missouri-based financial institution - Minimum five years of banking and safekeeping experience - Compliance with Missouri laws and NAIC standards - Firm fixed pricing for all services - Electronic proposal submission via MissouriBUYS - Option for four one-year renewals - No discrete product line items; procurement is for ongoing banking and custodial services.
Description
This solicitation is a Request for Proposal (RFP) issued on behalf of the Department of Commerce and Insurance for Banking Safekeeping Depository Account Services. The contract period is effective from the date of contract through one year. Vendors must submit proposals electronically through MissouriBUYS by August 28, 2026. The procurement is managed by the 34-PROC OA Division of Purchasing Procurements and the buyer contact is Ariel Bradford.