City of Winthrop Municipal Banking Services RFP 2026
City of WinthropCity · Winthrop, MN- Due
- Mar 20, 2026
- Deadline passed
- Posted
- Feb 4, 2026
The 30-second brief
The City of Winthrop is soliciting proposals from qualified financial institutions to act as the City's designated depository and to provide municipal banking services. Services include ACH payments, payroll processing, deposit drops, interest-bearing accounts, CDs, investments, multiple signature cards, debit cards, and secure online statements.
Institutional background and municipal banking experience, Detailed description of all required and optional services, Security and cybersecurity documentation, Fee schedules and pricing disclosures, Interest rates and investment options, Proof of FDIC insurance or collateralization, Municipal references
Compliance with Required Services, Security & Statutory Compliance, Municipal Banking Experience (MN), Cost & Fee Structure, Interest Rates & Investment Options, Customer Service & Local Support, Overall Best Value
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Summary
The City of Winthrop is soliciting proposals from qualified financial institutions to act as the City's designated depository and to provide municipal banking services.
Services include ACH payments, payroll processing, deposit drops, interest-bearing accounts, CDs, investments, multiple signature cards, debit cards, and secure online statements.
EVALUATION CRITERIA
7- Compliance with Required Services
- Security & Statutory Compliance
- Municipal Banking Experience (MN)
- Cost & Fee Structure
- Interest Rates & Investment Options
- Customer Service & Local Support
- Overall Best Value
REQUIRED DELIVERABLES
7- Institutional background and municipal banking experience
- Detailed description of all required and optional services
- Security and cybersecurity documentation
- Fee schedules and pricing disclosures
- Interest rates and investment options
- Proof of FDIC insurance or collateralization
- Municipal references
- Submit to
- [email protected]
- Scope location
- Winthrop, MN
Questions about this RFP
How do I respond to this RFP from City of Winthrop?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is March 20, 2026. The solicitation specifies required deliverables that must be addressed in your response. Submissions should be delivered to: [email protected].
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including City of Winthrop in MN, 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.
What are the key deliverables?
The solicitation specifies the following deliverables: Institutional background and municipal banking experience, Detailed description of all required and optional services, Security and cybersecurity documentation, Fee schedules and pricing disclosures, Interest rates and investment options, Proof of FDIC insurance or collateralization, Municipal refer. Proposals should clearly address how each deliverable will be met.
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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: "Compliance with Required Services, Security & Statutory Compliance, Municipal Banking Experience (MN), Cost & Fee Structure, Interest Rates & Investment Options, Customer Service & Local Support, Over..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from City of Winthrop?
All active and historical solicitations from City of Winthrop are tracked and searchable. As a city agency, City of Winthrop 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. Review the full document from City of Winthrop for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Winthrop, MN. Review the full solicitation for detailed scope requirements.