RFP - Depository Banking Services City of Balch Springs

The City of Balch Springs is soliciting request for proposals from financial institutions for Bank Depository Services in accordance with the terms, conditions, and requirements set forth in this Request for Proposals (“RFP”).

The City will receive proposals electronically only for Bank Depository Services via the City eProcurement Portal https://procurement.opengov.com/portal/cityofbalchsprings no later than 3:00 PM CST, August 14, 2026.  Late submittals will not be considered or returned. 

Questions/clarifications regarding this RFP must be submitted via the City eProcurement Portal, located at https://procurement.opengov.com/portal/cityofbalchsprings. Please note the deadline for submitting inquiries is no later than 12:00PM CST, July 22, 2026. All answers to inquiries will be posted on the City eProcurement Portal by July 27, 2026.  Bidders may also click “Follow” on this bid to receive an email notification when answers are posted. It is the responsibility of the bidder to check the website for answers to inquiries.

The awarding of the proposal will take place at a City Council meeting tentatively scheduled for August 24, 2026.  The Council reserves the right to accept, reject any and/or all proposals, waive minor technicalities, to award contracts for individual items as they may appear advantageous to the City or to award the proposal to the most responsible offeror which best serves the interest of the City.

Background

The City of Balch Springs, Texas is requesting proposals for a three (3) year bank depository services contract with one possible two-year extension, if approved by the City Council. The initial contract period is to begin October 1, 2026 and extend through September 30, 2029.

Through this contract the City intends to minimize banking costs, improve operational efficiency, and maximize its investment capabilities. This Request for Proposal (RFP) which represents The City’s cash management goals, also specifies all required qualifications, the banking services required, the estimated activity volumes on all accounts, the method of compensation, submission instructions and contract award provisions.

Institutions responding to this Request for Proposal (RFP) must be insured through the Federal Deposit Insurance Corporation (FDIC) and must be able to demonstrate a capacity to meet the City’s service requirements as stated in the RFP. 

Project Details

• Reference ID: 2026-RFP-01
• Department: Finance
• Department Head: Geneva Mendez (Administrator)

Important Dates

• Questions Due: 2026-07-22T17:00:00.000Z

Evaluation Criteria

• Cost of Services (35 pts)
• Capabilities to provide services required (35 pts)
• Institutional stability and collateral proposal (10 pts)
• Earnings potential (20 pts)

Submission Requirements

• Respondent Submittals (without Cost) (required) —

  Please Upload your COMPLETE response, including any and all required forms listed in the solicitation and the corresponding attachments.

  (Do not upload cost information in here)

• Separate Cost Proposal (required) —

  Confirm that your fee proposal is not attached in your Proposal and is attached separately here.

• I certify that I have read, understood and agree to the terms in this solicitation, and that I am authorized to submit this response on behalf of my company. (required)
• Pricing (required) —
  • Choose Option 1 when you have set line items, for example:
    • This is a quote for goods or commodities.
    • This is a public works bid, with a pricing table that can be uploaded into OpenGov Procurement from an Excel spreadsheet.
    • Seeking services for hourly rate schedules.
  • Choose Option 2 when you need vendors to provide you with the line items. 
• Evaluation Committee? (required) —

  Will there be an evaluation committee to review the proposals and score them based on weights and multiple criteria?

• Procurement and/or Project Contact —

  Select the information you would like display.