City of Granbury - Bank Depository Services - RFP #26-27-03 (2026)
City of GranburyCity · Granbury, TX- Due
- Dec 7, 2026
- 35 days left
- Posted
- Oct 26, 2026
- Contract term
- 3 years
- Primary contact
- Eva Gregory
- (682) 205-1627
The 30-second brief
The City of Granbury is soliciting 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. Institutions must maintain a full-service banking location within the Granbury city limits and meet all applicable federal and state requirements, including FDIC/NCUA insurance, membership in the Federal Reserve System, and compliance with Texas Local Government Code Chapter 105. The selected financial institution will provide comprehensive banking services, including deposit management, ACH processing, wire transfers, check processing, online banking, account reporting, fraud-prevention tools, collateralization of City deposits, and safekeeping services for City investments. The City currently maintains approximately 30 bank accounts, including a primary pooled cash account, debt service accounts, grant administration accounts, and various trust and special-purpose funds. Proposals are due by December 7, 2026, at 3:00 PM CST, and will be evaluated based on banking services costs, responsiveness and ability to provide required services, earnings potential and funds availability, experience and continuity of bank, and creditworthiness.
Banking services costs (25%), responsiveness and ability to provide required services (25%), earnings potential and funds availability (25%), experience and continuity of bank and bank officials (10%), creditworthiness of the bank (15%)
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Summary
The City of Granbury is soliciting 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.
Institutions must maintain a full-service banking location within the Granbury city limits and meet all applicable federal and state requirements, including FDIC/NCUA insurance, membership in the Federal Reserve System, and compliance with Texas Local Government Code Chapter 105. The selected financial institution will provide comprehensive banking services, including deposit management, ACH processing, wire transfers, check processing, online banking, account reporting, fraud-prevention tools, collateralization of City deposits, and safekeeping services for City investments. The City currently maintains approximately 30 bank accounts, including a primary pooled cash account, debt service accounts, grant administration accounts, and various trust and special-purpose funds. Proposals are due by December 7, 2026, at 3:00 PM CST, and will be evaluated based on banking services costs, responsiveness and ability to provide required services, earnings potential and funds availability, experience and continuity of bank, and creditworthiness.
EVALUATION CRITERIA
REQUIRED ATTACHMENTS
RFP Form with fill-in-the-blank format, Sample bank statement, Availability of funds schedule with clear explanation of deadlines, Sample monthly pledged collateral report, Sample safekeeping agreement with the depository bank for the City's investment securities, Sample safekeeping agreement for collateral, Sample controlled disbursement agreement, Sample funds transfer and ACH transaction agreements, Sample stop payment agreement, Annual financial statement of the bank along with the last two quarterly FDIC CALL reports
- Submit to
- 401 N Park St, Granbury, TX 76048
- Duration
- 60 months
- Scope location
- Granbury, TX
Questions about this RFP
How do I respond to this RFP from City of Granbury?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is December 7, 2026. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: 401 N Park St, Granbury, TX 76048. For questions, contact Eva Gregory.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including City of Granbury 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 Eva Gregory at (682) 205-1627. Questions and answers are typically shared with all prospective bidders.
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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: "Banking services costs (25%), responsiveness and ability to provide required services (25%), earnings potential and funds availability (25%), experience and continuity of bank and bank officials (10%)..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from City of Granbury?
All active and historical solicitations from City of Granbury are tracked and searchable. As a city agency, City of Granbury 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 3 years. Contract terms may include renewal options.
Is this solicitation still open for submissions?
Based on the posted deadline of December 7, 2026, this solicitation appears to still be accepting submissions. Deadlines may change through amendments or addenda, so always verify the current status directly with the issuing agency before preparing your response.
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: RFP Form with fill-in-the-blank format, Sample bank statement, Availability of funds schedule with clear explanation of deadlines, Sample monthly pledged collateral report, Sample safekeeping agreemen. Review the full document from City of Granbury for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Granbury, TX. Review the full solicitation for detailed scope requirements.