Georgetown Ionwave #202668 Addendum 1

Georgetown seeks a primary depository bank and comprehensive treasury services

The City of Georgetown, Texas, is seeking a banking partner to provide its primary depository and treasury services. - Buyer: City of Georgetown, Texas — Finance Department/Finance Division, Purchasing Department. - Procurement: Primary depository services from a financial institution with a main office or branch within Georgetown city limits. The solicitation is for services; no new hardware or product quantities are requested. - Services: Account and online banking; deposits, cash handling, collections and electronic/wholesale lockbox processing; controlled disbursement, check reconciliation and fraud controls; ACH, wires and other payments; Workday integration and reporting; overnight investment sweeps; and safekeeping/custody of City securities. - Notable requirements and preferences: Any sweep must support daily liquidity and a competitive, market-based return, comply with Texas public-funds investment requirements, and be reasonably comparable to a local government investment pool. The City prefers a mutual-fund sweep to a repo sweep but will consider comparable alternatives. Controlled-disbursement presentment information is preferably available by 10:00 a.m. Proposals are evaluated for overall financial benefit, not simply a net-zero fee structure. - Existing City systems: Workday is the integrated ERP, and the City owns seven multi-feed TellerScan TS240 scanners; neither is a requested purchase. - Fee-schedule volumes: The accompanying schedule lists estimated activity across account, lockbox, depository, disbursement, ACH, EDI, wire, reporting, sweep and custody services. It shows monthly charges as 0.0; the quantities are service-volume estimates, not quantities of products being purchased. - Named prospective suppliers, invitees or meeting attendees: 360S2G; A6 Scientific Corp.; AllStar Masonry & Construction LLC; Bank Service and Equipment; Bank Service and Equipment, Inc.; BBVA Compass; BBVA USA; Capital One NA; CDC Publishing LLC; Central National Bank; Central Texas ATM, LLC; Comerica Bank; Conduent State & Local Solutions, Inc.; Covanetworks, Inc.; CRS Texas; Frontier Bank of Texas; Frost Bank; Huntington Bank; JPMorgan Chase Bank; PNC Bank; Regions Bank; SouthState Bank; and VeraBank. Wells Fargo is referenced in connection with incumbent banking services and fee-schedule items. These mentions do not indicate an award.

Description

The City of Georgetown, Texas is soliciting applications from eligible and qualified financial institutions to provide primary depository services. Eligible institutions must have a main office or branch location within the City's municipal boundaries. Applications must be submitted electronically through the City E-bid system via IonWave by October 15, 2026, at 2:00 PM CT. The initial contract term is May 1, 2027, through April 30, 2029, with up to three additional one-year extensions at the City's option.

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