Town of South Padre Island - Primary Depository Services - RFA# FIN-2601 (2026)
Town of South Padre IslandCity · South Padre Island, TX- Due
- Mar 17, 2026
- Deadline passed
- Posted
- Feb 3, 2026
- Contract term
- 2 years
- Primary contact
- Rodrigo Gimenez
- (956) 761-3225
The 30-second brief
The City of South Padre Island, Texas is soliciting applications from qualified financial institutions for primary depository services under RFA# FIN-2601. The scope encompasses general account services, online banking portal functionality, collections, remote deposit capture, fraud protection services including positive pay, safekeeping of city-owned securities, wire transfers, and ACH processing. Maximum ledger balances could exceed $33,000,000, with average historical balances under $21,000,000 and average monthly payroll around $1,000,000 for 183 full-time employees. Responses are due by March 17, 2026, at 2:00 P.M. Central Time to the City Secretary. A non-mandatory pre-application conference via Zoom is scheduled for February 12, 2026, and questions are due by February 27, 2026. The initial contract period is 2 years beginning October 1, 2026, with options for up to 3 additional 1-year periods.
Ability of applicant 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 City, Convenience of location(s), Completeness of application, Financial strength and stability of the institution, The reputation of the offerors
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Summary
The City of South Padre Island, Texas is soliciting applications from qualified financial institutions for primary depository services under RFA# FIN-2601.
The scope encompasses general account services, online banking portal functionality, collections, remote deposit capture, fraud protection services including positive pay, safekeeping of city-owned securities, wire transfers, and ACH processing. Maximum ledger balances could exceed $33,000,000, with average historical balances under $21,000,000 and average monthly payroll around $1,000,000 for 183 full-time employees. Responses are due by March 17, 2026, at 2:00 P.M. Central Time to the City Secretary. A non-mandatory pre-application conference via Zoom is scheduled for February 12, 2026, and questions are due by February 27, 2026. The initial contract period is 2 years beginning October 1, 2026, with options for up to 3 additional 1-year periods.
EVALUATION CRITERIA
Ability of applicant 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 City, Convenience of location(s), Completeness of application, Financial strength and stability of the institution, The reputation of the offerors
REQUIRED ATTACHMENTS
Executive Summary / Coversheet, Two copies of the application, Completed RFA in PDF format on USB-flash drive, Completed Fee Schedule returned in Excel format on the same USB – flash drive, PRO-Forma Account Analysis, Securities Safekeeping Fees, Completed and signed disclosures, Completed and signed application submitted by form, Exceptions to RFA requirements
- Submit to
- City of South Padre Island, Angelique “Nikki” Soto, City Secretary/Public Information Officer, 4601 Padre Blvd, South Padre Island, Texas 78597
- Duration
- 60 months
- Scope location
- South Padre Island, TX
Questions about this RFO
How do I respond to this RFO from Town of South Padre Island?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is March 17, 2026. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: City of South Padre Island, Angelique “Nikki” Soto, City Secretary/Public Information Officer, 4601 Padre Blvd, South Padre Island, Texas 78597. For questions, contact Rodrigo Gimenez.
Can small businesses or minority-owned firms bid on this RFO?
Most government agencies, including Town of South Padre Island 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 RFO 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 Rodrigo Gimenez at (956) 761-3225. 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: "Ability of applicant 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 in..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Town of South Padre Island?
All active and historical solicitations from Town of South Padre Island are tracked and searchable. As a city agency, Town of South Padre Island 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 2 years. Contract terms may include renewal options.
What documents are required to bid on this RFO?
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, Two copies of the application, Completed RFA in PDF format on USB-flash drive, Completed Fee Schedule returned in Excel format on the same USB – flash drive, PRO-Forma. Review the full document from Town of South Padre Island for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: South Padre Island, TX. Review the full solicitation for detailed scope requirements.