NOTICE INVITING REQUESTS FOR PROPOSALS (RFP) FOR COMPREHENSIVE BANKING SERVICES
City of Covina, City of Covina, CA·City
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- Primary Contact
- Theresa Franke · 626-384-5508
- Contract Term
- 5 years
- Duration
- 60 months
- Scope Location
- Covina, CA
- Submission Address
- City Hall, Office of the City Clerk, 125 East College Street, Covina CA 91723
SUMMARY
The City of Covina, California is seeking proposals from qualified public depositories for comprehensive banking services. The bank must be a member of the Federal Reserve System and a chartered bank in good standing. Proposals are due by 5:30 p.m. on November 24, 2025.
EVALUATION CRITERIA
Qualification-Based Selection process
REQUIRED ATTACHMENTS
Attachment A – Bank Pricing Proposal, Attachment B – Professional Services Agreement Template
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Work in government? Get Civic IQ free →Frequently asked questions
Common questions about this solicitation, answered from the record.
How do I respond to this RFP from City of Covina?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is November 24, 2025. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: City Hall, Office of the City Clerk, 125 East College Street, Covina CA 91723. For questions, contact Theresa Franke.
What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Qualification-Based Selection process" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from City of Covina?
All active and historical solicitations from City of Covina are tracked and searchable. As a city agency, City of Covina 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: Attachment A – Bank Pricing Proposal, Attachment B – Professional Services Agreement Template. Review the full document from City of Covina for the complete list.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including City of Covina in CA, 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 Theresa Franke at 626-384-5508. Questions and answers are typically shared with all prospective bidders.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Covina, CA. Review the full solicitation for detailed scope requirements.
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