City of Germantown Banking Services RFP2027-003 2026
City of GermantownCity · Germantown, TN- Due
- Aug 5, 2026
- Deadline passed
- Posted
- Jul 15, 2026
- Contract term
- 4 years
- Primary contact
- Jennifer Jenkins
- (901) 757-7260
The 30-second brief
The City of Germantown, Tennessee is requesting proposals from qualified financial institutions to provide professional, structurally integrated banking services and advanced cash management solutions under RFP2027-003. The scope includes managing a centralized banking setup with a master concentration account and several zero-balance sub-accounts for accounts payable, payroll, bail bonds, and merchant services. Required services include lockbox processing, e-lockbox, remote deposit capture, positive pay, and treasury management portal integration with SAML 2.0/SSO. Proposers must operate a physical commercial branch within Germantown city limits and provide continuous collateralization of deposits at 105%. The contract term is four years, from September 14, 2026, to September 13, 2030. Proposals are due by August 5, 2026, at 2:00 P.M. CST via email.
Technical Proposal, Cost Proposal, Letter of Intent to Propose, SOC 2 Type II audit report, Bankers Fidelity Bond, Audited financial reviews
Qualifications, experience, technical approach, cost
Hear what Germantown plans next before it's posted.
Get alerts freeFree account · 30-second setup · No credit card
Summary
The City of Germantown, Tennessee is requesting proposals from qualified financial institutions to provide professional, structurally integrated banking services and advanced cash management solutions under RFP2027-003.
The scope includes managing a centralized banking setup with a master concentration account and several zero-balance sub-accounts for accounts payable, payroll, bail bonds, and merchant services. Required services include lockbox processing, e-lockbox, remote deposit capture, positive pay, and treasury management portal integration with SAML 2.0/SSO. Proposers must operate a physical commercial branch within Germantown city limits and provide continuous collateralization of deposits at 105%. The contract term is four years, from September 14, 2026, to September 13, 2030. Proposals are due by August 5, 2026, at 2:00 P.M. CST via email.
EVALUATION CRITERIA
4- Qualifications
- Experience
- Technical approach
- Cost
REQUIRED DELIVERABLES
6- Technical Proposal
- Cost Proposal
- Letter of Intent to Propose
- SOC 2 Type II audit report
- Bankers Fidelity Bond
- Audited financial reviews
REQUIRED ATTACHMENTS
3- Certification of Compliance
- Cost Proposal Format
- Mandatory Requirements Checklist
- Submit to
- [email protected]
- Scope location
- Germantown, TN
Questions about this RFP
How do I respond to this RFP from City of Germantown?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is August 5, 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: [email protected]. For questions, contact Jennifer Jenkins.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including City of Germantown in TN, 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 Jennifer Jenkins at (901) 757-7260. Questions and answers are typically shared with all prospective bidders.
What are the key deliverables?
The solicitation specifies the following deliverables: Technical Proposal, Cost Proposal, Letter of Intent to Propose, SOC 2 Type II audit report, Bankers Fidelity Bond, Audited financial reviews. Proposals should clearly address how each deliverable will be met.
Show 5 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: "Qualifications, experience, technical approach, cost" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from City of Germantown?
All active and historical solicitations from City of Germantown are tracked and searchable. As a city agency, City of Germantown 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 4 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: Certification of Compliance, Cost Proposal Format, Mandatory Requirements Checklist. Review the full document from City of Germantown for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Germantown, TN. Review the full solicitation for detailed scope requirements.