City of Centralia Request for Proposal for Banking Services - 2026
City of Centralia cityCity · Centralia, IL- Due
- Nov 4, 2026
- Deadline passed
- Posted
- Sep 8, 2026
- Primary contact
- Jeremy Henderson
- (618) 533-7625
The 30-second brief
The City of Centralia, Illinois is seeking competitive proposals from commercial banking institutions with home offices or branch facilities within the corporate city limits to provide depository and various other banking services under a long-term agreement. Required services include wire transfers, automated clearing house (ACH) debit and credit services, collection and deposit services, monthly bank statements, collateralization of account balances per the Illinois Public Funds Investment Act, online banking, positive pay, stop payment services, purchasing card services, overdraft processing, check stock purchases, and automated accounts payable services. Proposals are due by November 4, 2026 at 10:00 a.m. at City of Centralia City Hall, 101 S. Locust, Centralia, IL 62801, delivered in triplicate. Questions regarding this RFP must be submitted via email in writing to Finance Director Jeremy Henderson by October 14, 2026 at 10:00 a.m.
Responsiveness to submission requirements, Safety and creditworthiness of Bank, Interest rate offered, Fees for services, Services provided, Online banking system ease of use, Experience and governmental knowledge of bank team, References with other municipal clients
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Summary
The City of Centralia, Illinois is seeking competitive proposals from commercial banking institutions with home offices or branch facilities within the corporate city limits to provide depository and various other banking services under a long-term agreement.
Required services include wire transfers, automated clearing house (ACH) debit and credit services, collection and deposit services, monthly bank statements, collateralization of account balances per the Illinois Public Funds Investment Act, online banking, positive pay, stop payment services, purchasing card services, overdraft processing, check stock purchases, and automated accounts payable services. Proposals are due by November 4, 2026 at 10:00 a.m. at City of Centralia City Hall, 101 S. Locust, Centralia, IL 62801, delivered in triplicate. Questions regarding this RFP must be submitted via email in writing to Finance Director Jeremy Henderson by October 14, 2026 at 10:00 a.m.
EVALUATION CRITERIA
8- Responsiveness to submission requirements
- Safety and creditworthiness of Bank
- Interest rate offered
- Fees for services
- Services provided
- Online banking system ease of use
- Experience and governmental knowledge of bank team
- References with other municipal clients
REQUIRED ATTACHMENTS
6- Fee listing for pricing
- Bank ratings
- Disaster recovery plan
- Cybersecurity controls
- References
- Transition plan approach and timeline
- Submit to
- 101 S. Locust, Centralia, Illinois 62801
- Scope location
- Centralia, IL
- Reported agency
- City of Centralia
Questions about this RFP
How do I respond to this RFP from City of Centralia city?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is November 4, 2026. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: 101 S. Locust, Centralia, Illinois 62801. For questions, contact Jeremy Henderson.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including City of Centralia city in IL, 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 Jeremy Henderson at (618) 533-7625. Questions and answers are typically shared with all prospective bidders.
Show 4 more questions
What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Responsiveness to submission requirements, Safety and creditworthiness of Bank, Interest rate offered, Fees for services, Services provided, Online banking system ease of use, Experience and governmen..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from City of Centralia city?
All active and historical solicitations from City of Centralia city are tracked and searchable. As a city agency, City of Centralia city regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
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: Fee listing for pricing, bank ratings, disaster recovery plan, cybersecurity controls, references, transition plan approach and timeline. Review the full document from City of Centralia city for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Centralia, IL. Review the full solicitation for detailed scope requirements.