General Banking Services

It is the intent of specifications from the Township of Wayne, 475 Valley Road, Wayne, NJ 07470, to outline the guidelines and requirements for financial institutions that are interested in providing the Township with primary banking services.

Project Details

• Reference ID: RFP 2398
• Department: Purchasing Division
• Department Head: Eileen Kuca, MBA, QPA (Director of Purchasing)

Addenda

• Addendum #1 (released 2026-03-24T19:00:02.998Z) —

  This addendum shall include updates to the following sections:

  Responses to Questions via the Question & Answer Section

• Addendum #2 (released 2026-04-10T13:10:58.462Z) —

  Please use the See What Changed link to view all the changes made by this addendum.

  This addendum shall include updates to the following:

  Updated Due Date: Wednesday, April 22, 2026 11:00am  

• Addendum #3 (released 2026-04-13T20:15:23.878Z) —

  Please use the See What Changed link to view all the changes made by this addendum.

  This addendum shall include updates to the following sections:

  Responses to Questions via the Question & Answer Section

• Addendum #4 (released 2026-04-14T13:30:37.564Z) —

  Please use the See What Changed link to view all the changes made by this addendum.

  This addendum shall include updates to the following:

  Updated Due Date: Thursday, April 23, 2026 11:00am

  Pricing Proposal Section 

Evaluation Criteria

• Responsiveness (10 pts) —

  Responsiveness of the proposal related to the scope of the work.

• Ability, Capacity, and Skill (10 pts) —

  Ability, capacity, and skill of the financial institution to perform the services on a timely basis.

• Client References (10 pts) —

  Responses of client references.

• Experience (10 pts) —

  Experience of the financial institution in establishing and maintaining similar accounts.

• Net Earnings (10 pts) —

  Net earnings.

• Financial Resources (10 pts) —

  The sufficiency of financial resources and ability of the institution to perform the contract.

• Reputation, Stability, and Longevity (10 pts) —

  The reputation, stability, and longevity of the proposer.

• Quality, Availability, and Adaptability (10 pts) —

  The quality, availability, and adaptability of the services to the particular need required.

Submission Requirements

• Solicitation Documents (required) —

  By submitting a response to this solicitation, the proposer certifies that they have read, understand and acknowledge all requirements of this Invitation to Bid.

• Authorization (required) —

  The proposer acknowledges they are authorized as an individual, partner, or officer to submit a response on behalf of their organization.

• Bidder's Information
• Proposer's Full Name (required) —

  Please provide the Full Name of the proposer for this project as part of your response to this solicitation.

• Proposer's Email (required) —

  Please provide the Email Address for the proposer for this project as part of your response to this solicitation.

• Proposer's Address (required) —

  Please provide the Address for the proposer for this project as part of your response to this solicitation.

• Proposer's Business Phone Number (required) —

  Please provide the Business Phone Number for the proposer for this project as part of your response to this solicitation.

• Proposer's Fax Number —

  Please provide the Fax Number for the proposer for this project as part of your response to this solicitation.

• Proposer's Federal I.D. (required) —

  Please provide the FEID (Federal I.D.) Number for the organization submitting a response to this solicitation.

• Vendor W-9 (required) —

  Please upload a copy of your W-9 here.

• New Jersey Business Registration Certificate
• New Jersey Business Registration Certificate —

  Please upload a copy of your New Jersey Business Registration Certificate here.

  Please Note: NOT REQUIRED TO BE SUBMITTED WITH BID, BUT WILL BE REQUIRED PRIOR TO CONTRACT AWARD. ADDITIONALLY PER N.J.S.A. 52:32-44 SUCCESSFUL BIDDER MUST HAVE A REGISTERED BUSINESS CERTIFICATE (BRC) WITH THE STATE OF NEW JERSEY PRIOR TO CONTRACT AWARD.

• Information Requested of the Proposer —

  In addition to the RFP documents provided by the Township, please submit the below Information Requested of the Proposer.

• Title Page (required) —

  Please upload your Title Page here.

  Title page: Show name of the institution, address, telephone, email address, fax number, name of contact person, and the date the proposal was submitted to the Township.

• Table of Contents (required) —

  Please upload your Table of Contents here.

  Table of Contents: Include a clear identification of the material by section and page number.

• Letter of Transmittal (required) —

  Please upload your Letter of Transmittal here.

  Letter of Transmittal: The letter is not to exceed two pages in length and should contain the following information:

  1. State that the proposer understands of the scope of the service to be performed.

  2. Indicate whether proposer is a parent or subsidiary associated with a holding company and describe its relationship to other in the group, if applicable.

  3. Financial reports for the previous two years. Please include as an attachment at the end of your proposal.

  4. Current financial rating as issued by Moody’s, Standard & Poor’s, and/or Fitch Ratings.

  5. State if the proposer is chartered to do business in the State of New Jersey and attach a Governmental Unit Depository Protection Act certification of eligibility.

• Banking Services Fee Proposal Form —

  Provide a completed “Banking Services Fee Proposal Form” with responses to all identified services. You may expand the form to include items which the Township did not identity, but which you think should be listed, whether it is a chargeable item or not.

  **Indicate method of determining the rate of interest and frequency of change in rate.

• Banking Services Fee Proposal Form (required) —

  Pease upload your Banking Services Fee Proposal Form here. Banking Services Fee Proposal Form can be found in Attachments.

• Summary of Financial Institution’s Qualifications
• Summary of Financial Institution’s Qualifications (required) —

  Indicate the institution’s background in providing banking services to municipal units of government, in general, and specifically to municipalities the size of the Township of Wayne. Provide a listing of municipal client references that are presently using the institution’s professional services – i.e., the client name, address, telephone number, and contact person.

• Additional Information —

  Please submit the below Additional Information.

• Bank Offices located within the Township (required) —

  The Township requires a bank office in a convenient location where it can transact business. Proposers shall state the locations of their branches within the Township. In the alternate, Proposers without branches within the Township shall provide secure courier service, at their cost, for the Township to transact business. Courier service must pick up deposit the last weekday of every month. Courier service must pick up deposit every other day during January, March, April, June, July, September, October, and December. Courier service must pick up every day for the first ten (10) days during February, May, August, and November. State financial institution locations with the Township.

• Notification of Eligibility (required) —

  Please upload a Copy of your Valid “Notification Of Eligibility” Under The Governmental Unit Deposit Protection Act.*

  *FAILURE TO COMPLY MAY BE CAUSE FOR REJECTION OF PROPOSAL.

• What are the financial institution’s check printing costs per thousand checks? (Laser format) (required)
• In order to maximize the yield on idle Township funds, a sweep account may be requested. The amount of this investment will vary. The Township welcomes any methods recommended by the proposer on the daily investment of idle funds; however, any of these proposed methods should be described in detail and must have the interest rate tied to an effective index rate. Describe methods: (required)
• Do you have professional staff dedicated to municipal debt financing? Please list the principal members of that Department and their location. (required)
• Please add any services that may be provided but which will not be part of the evaluation process. (required)
• Mandatory Equal Employment Opportunity Language
• Please confirm that you have read and agree with the Mandatory Equal Employment Opportunity language below. (required) —

  By submitting a response to this solicitation, the bidder has read, understands and agrees to the Mandatory Equal Employment Opportunity Language (N.J.S.A. 10:5-31 et seq. (P.L.1975, c.127) N.J.A.C. 17:27 et seq.) and requirements as provided in the Instructions to Bidders and Statutory Requirements and further understands that during the performance of the contract, they agree to follow all requirements.

• Please confirm that you have read and agree with the Mandatory Equal Employment Opportunity language below. (required) —

  By submitting a response to this solicitation, the bidder has read, understands and agrees to the Mandatory Equal Employment Opportunity Language (N.J.S.A. 10:5-31 et seq. (P.L.1975, c.127) N.J.A.C. 17:27 et seq.) and requirements as provided in the Instructions to Bidders and Statutory Requirements and further understands that during the performance of the contract, they agree to follow all requirements.

• Affirmative Action Compliance Notice
• Please confirm that you have read and agree with the Affirmative Action Compliance Notice below. (required) —

  Goods, General Services and Professional Services Contracts

  This is a summary of the successful bidder’s requirement to comply with the requirements of N.J.S.A. 10:5-31 et seq. and N.J.A.C.17:27.

  The successful bidder shall submit to the Township, after notification of award but prior to execution of this contract, one of the following three documents as forms of evidence:

  (a) A photocopy of a valid letter that the contractor is operating under an existing Federally approved or sanctioned affirmative action program (good for one year from the date of the letter);

  OR

  (b) A photocopy of a Certificate of Employee Information Report approval, issued in accordance with N.J.A.C. 17:27-4;

  OR

  (c) A photocopy of an Employee Information Report (Form AA302) provided by the NJ Department of the Treasury, Division of Purchase & Property, Contract Compliance Audit Unit, EEO Monitoring Program and available online at https://www.state.nj.usreasury/contract_compliance/documents/pdf/forms/aa302ins.pdf

  Proper completion and submission of these reports shall constitute evidence of the contractor’s compliance with the regulations. Failure to submit these forms may result in the contract being terminated.

• New Jersey Anti-Discrimination Provisions
• Please confirm that you have read and agree with the New Jersey Anti-Discrimination Provisions below. (required) —

  N.J.S.A. 10:2-1 ET SEQ.

  In accordance with N.J.S.A. 10:2-1 every contract for or on behalf of the State or other political subdivision of the State, or any agency of or authority created by any of the foregoing, for the construction, alteration or repair of any public building or public work or for the acquisition of materials, equipment, supplies or services shall contain provisions by which the Consultant agrees that:

  1. In the hiring of persons for the performance of work under this contract or any subcontract hereunder, or for the procurement, manufacture, assembling or furnishing of any such materials, equipment, supplies or services to be acquired under this contract, no contractor, nor any person acting on behalf of such contractor or subcontractor, shall, by reason of race, creed, color, national origin, ancestry, marital status, gender identity or expression, affectional or sexual orientation or sex, discriminate against any person who is qualified and available to perform the work to which the employment relates;
  2. No contractor, subcontractor, nor any person on his behalf shall, in any manner, discriminate against or intimidate any employee engaged in the performance of work under this contract or any subcontract hereunder, or engaged in the procurement, manufacture, assembling or furnishing of any such materials, equipment, supplies or services to be acquired under such contract, on account of race, creed, color, national origin, ancestry, marital status, gender identity or expression, affectional or sexual orientation or sex;
  3. There may be deducted from the amount payable to the Consultant by the contracting public agency, under this contract, a penalty of $ 50.00 for each person for each calendar day during which such person is discriminated against or intimidated in violation of the provisions of the contract; and
  4. This contract may be canceled or terminated by the contracting public agency, and all money due or to become due hereunder may be forfeited, for any violation of this section of the contract occurring after notice to the contractor from the contracting public agency of any prior violation of this section of the contract.  

  By submitting a response to this solicitation, the bidder acknowledges they have read and agree to the New Jersey Anti-Discrimination Provisions.

• Americans with Disabilities Act of 1990
• Please confirm that you have read and agree with the Americans with Disabilities Act of 1990 below. (required) —

  Equal Opportunity for Individuals with Disability

  The contractor and the Township of Wayne, (hereafter “owner”) do hereby agree that the provisions of Title 11 of the Americans With Disabilities Act of 1990 (the "Act") (42 U.S.C. S121 01 et seq.), which prohibits discrimination on the basis of disability by public entities in all services, programs, and activities provided or made available by public entities, and the rules and regulations promulgated pursuant there unto, are made a part of this contract.

  In providing any aid, benefit, or service on behalf of the owner pursuant to this contract, the contractor agrees that the performance shall be in strict compliance with the Act. In the event that the contractor, its agents, servants, employees, or subcontractors violate or are alleged to have violated the Act during the performance of this contract, the contractor shall defend the owner in any action or administrative proceeding commenced pursuant to this Act.

  The contractor shall indemnify, protect, and save harmless the owner, its agents, servants, and employees from and against any and all suits, claims, losses, demands, or damages, of whatever kind or nature arising out of or claimed to arise out of the alleged violation. The contractor shall, at its own expense, appear, defend, and pay any and all charges for legal services and any and all costs and other expenses arising from such action or administrative proceeding or incurred in connection therewith. In any and all complaints brought pursuant to the owner’s grievance procedure, the contractor agrees to abide by any decision of the owner which is rendered pursuant to said grievance procedure. If any action or administrative proceeding results in an award of damages against the owner, or if the owner incurs any expense to cure a violation of the ADA which has been brought pursuant to its grievance procedure, the contractor shall satisfy and discharge the same at its own expense.

  The owner shall, as soon as practicable after a claim has been made against it, give written notice thereof to the contractor along with full and complete particulars of the claim, If any action or administrative proceeding is brought against the owner or any of its agents, servants, and employees, the owner shall expeditiously forward or have forwarded to the contractor every demand, complaint, notice, summons, pleading, or other process received by the owner or its representatives.

  It is expressly agreed and understood that any approval by the owner of the services provided by the contractor pursuant to this contract will not relieve the contractor of the obligation to comply with the Act and to defend, indemnify, protect, and save harmless the owner pursuant to this paragraph.

  It is further agreed and understood that the owner assumes no obligation to indemnify or save harmless the contractor, its agents, servants, employees and subcontractors for any claim which may arise out of their performance of this Agreement. Furthermore, the contractor expressly understands and agrees that the provisions of this indemnification clause shall in no way limit the contractor’s obligations assumed in this Agreement, nor shall they be construed to relieve the contractor from any liability, nor preclude the owner from taking any other actions available to it under any other provisions of the Agreement or otherwise at law.

  By submitting a response to this solicitation, the bidder acknowledges they have read and agree with the Americans with Disabilities Act of 1990 .

• Acknowledgment of Principal
• Upload your completed Acknowledgment of Principal document here. (required) —

  Please download the below documents, complete and have notarized. An online notarization option will be provided for you when responding.

• Non-Collusion Affidavit
• Please upload your completed Non-Collusion Affidavit here. (required) —

  Please see attached Non-Collusion Affidavit document, complete and have notarized. An online notarization option will be provided for you when responding.

• Statement of Ownership Disclosure —

  N.J.S.A. 52:25-24.2 (P.L. 1977, c.33, as amended by P.L. 2016, c.43)

  N.J.S.A. 52:32-44.1 (P.L. 2019, c.406)

  This certification shall be completed, certified to, and submitted to the contracting unit prior to contract award, except for emergency contracts where submission is required prior to payment.

  Failure to submit the required information is cause for automatic rejection of the bid or proposal.

• PART I: VENDOR INFORMATION (required) —

  Please provide the below information.

  Individual or OrganizationName

  Address of Individual or Organization

  DUNS Code (if applicable)

  CAGE Code (if applicable)

• PART I – VENDOR INFORMATION CONT. (required) —

  Check the box that represents the type of business organization:

• PART II - Stockholders in the Corporation Owning Greater than 10% of it's stock (required)
• PART II - Stockholders in the Corporation Owning Greater than 10% of it's stock CONT. (required) —

  If there are any stockholders in the corporation who own 10 percent or more of its stock, of any class, or of all individual partners in the partnership who own a 10 percent or greater interest therein, or of all members in the limited liability company who own a 10 percent or greater interest therein, as the case may be please provide the follwing information for each:

  Name of Individual or Business Entity

  Home Address (for Individuals) or Business Address

  If you intend on Skipping Part II please respond with N/A.

• PART III DISCLOSURE OF 10% OR GREATER OWNERSHIP IN THE STOCKHOLDERS, PARTNERS OR LLC MEMBERS LISTED IN PART II (required) —

  If a bidder has a direct or indirect parent entity which is publicly traded, and any person holds a 10 percent or greater beneficial interest in the publicly traded parent entity as of the last annual federal Security and Exchange Commission (SEC) or foreign equivalent filing, ownership disclosure can be met by providing links to the website(s) containing the last annual filing(s) with the federal Securities and Exchange Commission (or foreign equivalent) that contain the name and address of each person holding a 10% or greater beneficial interest in the publicly traded parent entity, along with the relevant page numbers of the filing(s) that contain the information on each such person.

  Please provide:

  Website (URL) containing the last annual SEC (or foreign equivalent) filing

  Page #’s

  If you intend on Skipping Part III please respond with N/A.

• PART III DISCLOSURE OF 10% OR GREATER OWNERSHIP IN THE STOCKHOLDERS, PARTNERS OR LLC MEMBERS LISTED IN PART II (required) —

  Please list the names and addresses of each stockholder, partner or member owning a 10 percent or greater interest in any corresponding corporation, partnership and/or limited liability company (LLC) listed in Part II other than for any publicly traded parent entities referenced above. The disclosure shall be continued until names and addresses of every noncorporate stockholder, and individual partner, and member exceeding the 10 percent ownership criteria established pursuant to N.J.S.A. 52:25-24.2 has been listed.

  Please provide:

  Stockholder/Partner/Member and Corresponding Entity Listed in Part II

  Home Address (for Individuals) or Business Address

  If you intend on Skipping Part III please respond with N/A.

• PART IV CERTIFICATION (required) —

  I, being duly sworn upon my oath, hereby represent that the foregoing information and any attachments thereto to the best of my knowledge are true and complete. I acknowledge: that I am authorized to execute this certification on behalf of the bidder/proposer; that the Township of Wayne is relying on the information contained herein and that I am under a continuing obligation from the date of this certification through the completion of any contracts with Township to notify the Township in writing of any changes to the information contained herein; that I am aware that it is a criminal offense to make a false statement or misrepresentation in this certification, and if I do so, I am subject to criminal prosecution under the law and that it will constitute a material breach of my agreement(s) with the, permitting the Township to declare any contract(s) resulting from this certification void and unenforceable.

  Please enter Name, Title and Date to certify.

• Disclosure of Activities In Russia And Belarus & Investment Activities In Iran —

  P.L. 2022, c. 3 prohibits the award, renewal, amendment, or extension of State and local public contracts for goods or services with persons or entities engaging in prohibited activities in Russia or Belarus. P.L. 2012, c.25 prohibits the award or renewal of State and local public contracts for goods and services with persons or entities engaged in certain investment activities in the energy or finance sectors of Iran.

  Before a goods and services contract can be entered into, vendors and contractors must certify that neither they nor any parent entity, subsidiary, or affiliate is listed on the New Jersey Department of the Treasury’s list of entities determined to be engaged in prohibited activities in Russia or Belarus pursuant to P.L. 2022, c. 3 (“Russia-Belarus list”) or in Iran pursuant to P.L. 2012, c. 25 ("Chapter 25 list").

• Disclosure of Activities In Russia And Belarus & Investment Activities In Iran - Part 1 (required) —

  PART 1: CERTIFICATION

  BIDDERS MUST COMPLETE PART 1 BY CHECKING ONE BOX.

  FAILURE TO CHECK ON OF THE BOXES WILL RENDER THE PROPOSAL NON-RESPONSIVE.

  Pursuant to law, any person or entity that is a successful bidder or proposer, or otherwise proposes to enter into or renew a contract, for goods or services must complete the certification below prior to contract award to attest, under penalty of perjury, that neither the person or entity, nor any parent entity, subsidiary, or affiliate, is identified on the Department of Treasury's Russia-Belarus list or Chapter 25 list as a person or entity engaging in prohibited activities in Russia, Belarus or Iran. Before a contract for goods or services can be amended or extended, a person or entity must certify that neither the person or entity, nor any parent entity, subsidiary, or affiliate, is identified on the Department of Treasury's Russia-Belarus list. Both lists are found on Treasury’s website at the following web addresses:

  https://www.nj.govreasury/administration/pdf/RussiaBelarusEntityList.pdf

  www.state.nj.usreasury/purchase/pdf/Chapter25List.pdf.

  As applicable to the type of contract, the above-referenced lists must be reviewed prior to completing the below certification.

  A person or entity unable to make the certification must provide a detailed, accurate, and precise description of the activities of the person or entity, or of a parent entity, subsidiary, or affiliate, engaging in prohibited activities in Russia or Belarus and/or investment activities in Iran. The person or entity must cease engaging in any prohibited activities and provide an updated certification before the contract can be entered into.

  If a vendor or contractor is found to be in violation of law, action may be taken as appropriate and as may be provided by law, rule, or contract, including but not limited to imposing sanctions, seeking compliance, recovering damages, declaring the party in default, and seeking debarment or suspension of the party.

  PLEASE SELECT THE APPROPRIATE STATEMENT:

• Disclosure of Activities In Russia And Belarus & Investment Activities In Iran - Part 2 (required) —

  You must provide a detailed, accurate, and precise description of the activities of the person or entity, or of a parent entity, subsidiary, or affiliate, engaging in prohibited activities in Russia or Belarus and/or investment activities in Iran in the space below by submitting the following information:

  Relationship to Bidder/Offeror

  Description of Activities

  Duration of Engagement

  Anticipated Cessation Date

  Bidder/Offeror Contact Name

  Contract Phone Number

  ADDITIONAL ACTIVITIES - If there are additional activities that require disclosure, please provide the description following the same format as above.

• Disclosure of Activities In Russia And Belarus & Investment Activities In Iran - Part 3 (required) —

  PART 3: CERTIFICATION

  I, being duly sworn upon my oath, hereby represent and state that the foregoing information and any attachments there, to the best of my knowledge, are true and complete. I attest that I am authorized to execute this certification on behalf of the above-referenced person or entity. I acknowledge that Wayne Township is relying on the information contained herein and hereby acknowledge that I am under a continuing obligation from the date of this certification through the completion of any contracts with Wayne Township to notify the township in writing of any changes to the answers of information contained herein.

  I acknowledge that I am aware that it is a criminal offense to make a false statement or misrepresentation in this certification. If I do so, I recognize that I am subject to criminal prosecution under the law and that it will also constitute a material breach of my agreement(s) with Wayne Township and that the township at its option may declare any contract(s) resulting from this certification void and unenforceable.

• Insurance Requirements
• Insurance Requirements (required) —

  Please confirm that you have read and are able to comply with required insurance documents.

• Bidder's Checklist
• Proposer's Checklist (required) —

  The Township of Wayne has requirements regarding the submission of required forms for this solicitation. The vendor, by submission of this solicitation, confirms that they have read, completed, signed and notarized each document as required below.

  Documents that are required to be read:

  • Legal Notice to Bidders
  • Mandatory Equal Employment Opportunity Language
  • New Jersey Anti-Discrimination Provisions 
  • Americans with Disabilities Act of 1990 
  • Technical Specifications
  • Drawings, if applicable

  Documents that are required to be completed:

  • Questionnaire

  Documents that are required to be completed and signed:

  • Affirmative Action Compliance Notice - Questionnaire
  • Statement of Ownership Disclosure - Questionnaire
  • Disclosure of Activities In Russia And Belarus & Investment Activities In Iran  - Questionnaire

  Documents that are required to be completed, signed and notarized:

  • Non-Collusion Affidavit - Attachment
  • Acknowledgement of Principal - Attachment

  Documents that are to be submitted prior to contract award:

  • Business Registration Certificate - Questionnaire
• Release Advertisement (required) —

  Which newspaper will you be using to advertise the release of this project?

• Pre-Proposal Meeting (required) —

  Will this project have a pre-proposal meeting?

• Contract Commencement (required) —

  Please provide how many days for the contract start date following the contract award, using the following format:

  21 days

• Initial Duration of Contract (required) —

  Please provide the initial duration of the contract, using the following format:

  one year

• Contract Extensions (required) —

  Will this contract have possible extensions?

• Number of Contract Extensions (required) —

  Please provide the number of contract extensions available for this contract, using the following format:

  two additional one year periods

  If there are no extensions for this project, please type N/A.

• Type of Project (required) —

  What type of project will this be?

• Question Deadline (required) —

  Will you be requiring questions be submitted by a specific date and time for this project?

Questions & Answers