Granbury Opengov #26-27-03

Municipal depository and banking services for the City of Granbury

The City of Granbury is seeking a banking institution to provide municipal depository, payment, cash-management, and investment safekeeping services. - Government buyer: City of Granbury, Texas — Finance Department (Finance 01-20, 02-60). - Requested service: Comprehensive bank depository and banking services for approximately 30 accounts, including pooled cash, debt service, grants, trusts, and special-purpose accounts. The City serves approximately 8,300 utility customers. - Services include account and cash management, deposits and remote deposits, check processing, ACH and wire transfers, utility customer direct debit, internal transfers, online banking and reporting, statements and check imaging, stop payments, overdraft handling, and investment securities clearance and safekeeping. - Fraud controls must include positive pay or a comparable service. City deposits must be collateralized at 105% of the applicable balance, less FDIC coverage, with monthly collateral reporting. - Important requirements: The provider must maintain a full-service banking location within Granbury city limits and meet applicable insurance, Federal Reserve membership, security, operational cutoff, and reporting requirements. The RFP cites compliance with Texas Local Government Code Chapter 105. - Term: Three-year initial term with two optional one-year renewals; the agreement may extend up to 90 days if rebidding is underway. The City may terminate with 60 days' written notice. - OEMs and vendors: No banking OEMs or prospective banking vendors are named. OpenGov is named as the platform for submitting questions. - Products and quantities: No physical products, part numbers, or product quantities are specified. Service volumes are described as approximately 30 checking accounts and 8,300 utility customers. - Award considerations: Evaluation factors include service capability, cost, earnings potential, creditworthiness, experience, and responsiveness; the City Council makes the final award.

Description

The City of Granbury is seeking proposals from qualified banking institutions to provide depository and banking services for a three-year term beginning February 1, 2027, with two optional one-year renewals. Services include deposit management, ACH and wire transfers, check processing, online banking and reporting, fraud-prevention tools, collateralization of City deposits, and safekeeping of City investments. Proposers must maintain a full-service banking location within Granbury city limits and satisfy the stated federal and state requirements. The City currently maintains approximately 30 accounts, and proposals will be evaluated on service capabilities, cost, earnings potential, creditworthiness, experience, and responsiveness.

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