Texas Galveston Civic Plus #26-21

City of Galveston Solicits Proposals for Comprehensive Banking Depository Services

The City of Galveston is seeking proposals for a comprehensive Banking Depository Services contract to support its treasury operations. - Government Buyer: - City of Galveston, Department of Finance Purchasing Division - OEMs and Vendors: - No specific Original Equipment Manufacturers (OEMs) or vendors are named; open to qualified banking institutions - Products/Services Requested: - Comprehensive banking depository services, including: - Account management - Online banking access - Positive pay and fraud prevention - Lockbox services - ACH and wire transfer processing - Collateral reporting and management - Vault and deposit services - Account reconciliation - Overdraft processing - No specific part numbers or purchase quantities provided - Unique or Notable Requirements: - Must comply with Texas state laws and City of Galveston policies - Detailed pricing schedules for all banking services required - Encouragement of participation from Disadvantaged Business Enterprises (DBEs), including women and minority-owned businesses - City reserves the right to award multiple agreements if in its best interest - Proposals must be submitted electronically - Period of Performance: - Initial contract term of three years - Two additional one-year renewal options (automatic unless notice of non-renewal) - Possible 90-day extension if re-proposal procedures are ongoing

Description

The City of Galveston is soliciting sealed proposals for a contract to provide Banking Depository Services. The contract term is three years with automatic renewal for two additional one-year periods unless notice of non-renewal is given. Proposals must be submitted electronically by 10:00 a.m. CST on October 23, 2026. The City encourages participation from Disadvantaged Business Enterprise vendors, including women and minority-owned businesses.

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