Laredo College - Primary Bank Depository Services - RFP # 2026-0120 (2026)
Laredo CollegeHigher Ed · Laredo, TX- Due
- Feb 26, 2026
- Deadline passed
- Posted
- Jan 20, 2026
- Contract term
- 8 years
- Primary contact
- Miguel A. Rangel
- (956) 721-5111
The 30-second brief
Laredo College is seeking proposals from qualified financial institutions for primary depository banking services, including checking services, cash processing, armored courier deposit handling, online banking portal, collections, fraud protection services (positive pay), safekeeping of securities, and account analysis. The contract term is an initial two years with options to extend for up to three additional two-year periods for a maximum of eight years. Proposals are due by February 26, 2026, at 2:00 P.M. Central Time. A non-mandatory pre-proposal conference via Zoom is scheduled for January 27, 2026, and questions are due by February 3, 2026.
Bank Service Fee Schedule, Online reporting services, Branch depository service, Positive pay, Account reconciliation service, Electronic data interchange, ACH origination, Wire transfer services, Securities safekeeping services
Ability of proposer to perform and provide the required and requested services, References provided and quality of services, Cost of services, Transition cost, retention and transition offers, and incentives, Interest rates on interest bearing accounts and deposits, Earnings credit rate on compensating balances, Previous service relationship with the College, Convenience of location(s), Completeness of proposal, Financial strength and stability of the institution
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Summary
Laredo College is seeking proposals from qualified financial institutions for primary depository banking services, including checking services, cash processing, armored courier deposit handling, online banking portal, collections, fraud protection services (positive pay), safekeeping of securities, and account analysis.
The contract term is an initial two years with options to extend for up to three additional two-year periods for a maximum of eight years. Proposals are due by February 26, 2026, at 2:00 P.M. Central Time. A non-mandatory pre-proposal conference via Zoom is scheduled for January 27, 2026, and questions are due by February 3, 2026.
EVALUATION CRITERIA
Ability of proposer to perform and provide the required and requested services, References provided and quality of services, Cost of services, Transition cost, retention and transition offers, and incentives, Interest rates on interest bearing accounts and deposits, Earnings credit rate on compensating balances, Previous service relationship with the College, Convenience of location(s), Completeness of proposal, Financial strength and stability of the institution
REQUIRED DELIVERABLES
9- Bank Service Fee Schedule
- Online reporting services
- Branch depository service
- Positive pay
- Account reconciliation service
- Electronic data interchange
- ACH origination
- Wire transfer services
- Securities safekeeping services
REQUIRED ATTACHMENTS
10- Executive Summary / Coversheet
- One (1) original completed proposal
- Completed RFP in PDF format on USB-flash drive
- Completed Fee Schedule returned in Excel format on USB-flash drive
- PRO-Forma Account Analysis
- SECURITIES SAFEKEEPING FEES
- References
- COMPLETED AND SIGNED DISCLOSURES AND CERTIFICATIONS
- COMPLETED AND SIGNED PROPOSAL SUBMITTED BY FORM
- EXCEPTIONS TO RFP REQUIREMENTS
- Submit to
- Laredo College, Purchasing Department, West End Washington St, P-49 Room 101, Laredo, Texas 78040
- Scope location
- Laredo, TX
Questions about this RFP
How do I respond to this RFP from Laredo College?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is February 26, 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: Laredo College, Purchasing Department, West End Washington St, P-49 Room 101, Laredo, Texas 78040. For questions, contact Miguel A. Rangel.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Laredo College 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 Miguel A. Rangel at (956) 721-5111. Questions and answers are typically shared with all prospective bidders.
What are the key deliverables?
The solicitation specifies the following deliverables: Bank Service Fee Schedule, Online reporting services, Branch depository service, Positive pay, Account reconciliation service, Electronic data interchange, ACH origination, Wire transfer services, Securities safekeeping services. 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: "Ability of proposer to perform and provide the required and requested services, References provided and quality of services, Cost of services, Transition cost, retention and transition offers, and inc..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Laredo College?
All active and historical solicitations from Laredo College are tracked and searchable. As a higher ed agency, Laredo College 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 8 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: Executive Summary / Coversheet, One (1) original completed proposal, Completed RFP in PDF format on USB-flash drive, Completed Fee Schedule returned in Excel format on USB-flash drive, PRO-Forma Accou. Review the full document from Laredo College for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Laredo, TX. Review the full solicitation for detailed scope requirements.