City of Burnet Banking Services RFP 2026-008
City of BurnetCity · Burnet, TX- Due
- Jul 7, 2026
- Deadline passed
- Posted
- Jun 3, 2026
- Contract term
- 5 years
- Primary contact
- Patricia Langford
- (512) 715-3205
The 30-second brief
The City of Burnet is soliciting proposals from qualified financial institutions to serve as the City's Bank Depository for a five-year term beginning September 1, 2026. Services include managing seventeen accounts such as concentration, disbursement, and employee health plan accounts, with an average concentration balance of approximately $2.7M. Required capabilities include treasury management, online banking, ACH and wire transfers, positive pay, collateralization at 102%, and remote deposit capture. Proposers must be chartered banking institutions with physical facilities within Burnet city limits. Proposals are due July 7, 2026, at 2:00 p.m., with a question deadline of June 19, 2026. Evaluation criteria focus on cost, earnings credit value, technology, and financial stability.
City Depository Proposal Form, Audited financial statements, Call Report, Sample account analysis, Availability of funds schedule, Daily balance report, Proposed agreements (wire transfer, Custodial, Collateral, ACH), Cybersecurity summary
Cost and Earnings Credit Value, Treasury Management Technology & Reporting, Customer Service & Public Sector Experience, Financial Stability & Creditworthiness, Cybersecurity & Fraud Prevention Controls
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Summary
The City of Burnet is soliciting proposals from qualified financial institutions to serve as the City's Bank Depository for a five-year term beginning September 1, 2026.
Services include managing seventeen accounts such as concentration, disbursement, and employee health plan accounts, with an average concentration balance of approximately $2.7M. Required capabilities include treasury management, online banking, ACH and wire transfers, positive pay, collateralization at 102%, and remote deposit capture. Proposers must be chartered banking institutions with physical facilities within Burnet city limits. Proposals are due July 7, 2026, at 2:00 p.m., with a question deadline of June 19, 2026. Evaluation criteria focus on cost, earnings credit value, technology, and financial stability.
EVALUATION CRITERIA
5- Cost and Earnings Credit Value
- Treasury Management Technology & Reporting
- Customer Service & Public Sector Experience
- Financial Stability & Creditworthiness
- Cybersecurity & Fraud Prevention Controls
REQUIRED DELIVERABLES
8- City Depository Proposal Form
- Audited financial statements
- Call Report
- Sample account analysis
- Availability of funds schedule
- Daily balance report
- Proposed agreements (wire transfer, Custodial, Collateral, ACH)
- Cybersecurity summary
REQUIRED ATTACHMENTS
City Depository Proposal Form, Attachment A (Investment Policy and Strategy)
- Submit to
- 301 E. Jackson St., Burnet, Texas 78611
- Scope location
- Burnet, TX
Questions about this RFP
How do I respond to this RFP from City of Burnet?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is July 7, 2026. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: 301 E. Jackson St., Burnet, Texas 78611. For questions, contact Patricia Langford.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including City of Burnet in TX, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Patricia Langford at (512) 715-3205. Questions and answers are typically shared with all prospective bidders.
What are the key deliverables?
The solicitation specifies the following deliverables: City Depository Proposal Form, Audited financial statements, Call Report, Sample account analysis, Availability of funds schedule, Daily balance report, Proposed agreements (wire transfer, Custodial, Collateral, ACH), Cybersecurity summary. Proposals should clearly address how each deliverable will be met.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Cost and Earnings Credit Value, Treasury Management Technology & Reporting, Customer Service & Public Sector Experience, Financial Stability & Creditworthiness, Cybersecurity & Fraud Prevention Contro..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from City of Burnet?
All active and historical solicitations from City of Burnet are tracked and searchable. As a city agency, City of Burnet regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 5 years. Contract terms may include renewal options.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: City Depository Proposal Form, Attachment A (Investment Policy and Strategy). Review the full document from City of Burnet for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Burnet, TX. Review the full solicitation for detailed scope requirements.