City of Highland Park Request for Proposals for Banking Services - 2026
City of Highland ParkCity · Highland Park, IL- Due
- Oct 30, 2026
- 14 days left
- Posted
- Oct 2, 2026
- Contract term
- 5 years
- Primary contact
- Lara D. Lukasik
- (847) 926-1021
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THE 30-SECOND BRIEF
The City of Highland Park is seeking proposals from qualified financial institutions for comprehensive banking and treasury management services, including core depository services, zero-balance accounts, ACH origination, positive pay, lockbox services, merchant services, remote deposit, and online banking. The initial contract term is for five years, with an option to renew for an additional five-year period. Proposals are due by October 30, 2026, at 4:00 PM CDT. Proposers must comply with FDIC insurance requirements, maintain 110% collateralization on public funds, and submit required attachments including cost proposals and references.
Completeness and responsiveness, Ability to provide required banking services, Security and fraud prevention capabilities, Experience serving municipal clients, Quality of client references, Funds availability and cash management, Interest rates and earnings credit rates, Aggregate banking service costs and fees, Integration with City financial systems, Community Reinvestment Act (CRA) ratings
SUMMARY
The City of Highland Park is seeking proposals from qualified financial institutions for comprehensive banking and treasury management services, including core depository services, zero-balance accounts, ACH origination, positive pay, lockbox services, merchant services, remote deposit, and online banking.
The initial contract term is for five years, with an option to renew for an additional five-year period. Proposals are due by October 30, 2026, at 4:00 PM CDT. Proposers must comply with FDIC insurance requirements, maintain 110% collateralization on public funds, and submit required attachments including cost proposals and references.
EVALUATION CRITERIA
10- Completeness and responsiveness
- Ability to provide required banking services
- Security and fraud prevention capabilities
- Experience serving municipal clients
- Quality of client references
- Funds availability and cash management
- Interest rates and earnings credit rates
- Aggregate banking service costs and fees
- Integration with City financial systems
- Community Reinvestment Act (CRA) ratings
REQUIRED ATTACHMENTS
10- Signed Proposal Submittal Form
- Attachment A Reference Sheet
- Attachment B Cost Proposal
- Attachment C Exception Form
- Attachment D Additional Requested Information
- Attachment E CRA Information Form
- Current Funds Availability Schedule
- Standard Wire Transfer Agreement
- Required financial statements
- Ratings
- Submit to
- [email protected]
- Duration
- 120 months
- Scope location
- Highland Park, IL
Questions about this RFP
How do I respond to this RFP from City of Highland Park?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is October 30, 2026. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: [email protected]. For questions, contact Lara D. Lukasik.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including City of Highland Park 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 Lara D. Lukasik at (847) 926-1021. Questions and answers are typically shared with all prospective bidders.
Can I search RFPs like this in ChatGPT or Claude?
Yes. Civic IQ has an MCP server that connects ChatGPT, Claude and other AI assistants to live Civic IQ data: open RFPs, pre-RFP signals from public meetings, awarded contracts and agency decision-makers across 100,000+ US public agencies. Add https://beta.mcp.civiciq.com/mcp as a connector (in ChatGPT under Settings > Apps & Connectors, in Claude under Settings > Connectors) and sign in with a free Civic IQ account at civiciq.com/mcp.
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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: "Completeness and responsiveness, Ability to provide required banking services, Security and fraud prevention capabilities, Experience serving municipal clients, Quality of client references, Funds ava..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from City of Highland Park?
All active and historical solicitations from City of Highland Park are tracked and searchable. As a city agency, City of Highland Park 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.
Is this solicitation still open for submissions?
Based on the posted deadline of October 30, 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: Signed Proposal Submittal Form, Attachment A Reference Sheet, Attachment B Cost Proposal, Attachment C Exception Form, Attachment D Additional Requested Information, Attachment E CRA Information Form,. Review the full document from City of Highland Park for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Highland Park, IL. Review the full solicitation for detailed scope requirements.