020 – Bank Depository Services

Description

Posted 9/11/24 NOTICE (RFP # 2024-020) The City of Mercedes is requesting sealed Requests for Proposals (RFP) from qualified individuals/firms to provide BANK DEPOSITORY SERVICES. Qualified applicants are invited to submit qualifications and proposals for the provision of these services. In order to be considered, proposals must address each of the requests for information included in this document. All addenda, notices, additional information, etc. will be posted on the City of Mercedes website at www.cityofmercedes.com. One (1) original and two (2) copies of the proposal and one (1) electronic copy must be sealed and returned to the City of Mercedes, City Hall, no later than 10:00 a.m. CST on Wednesday, September 25, 2024, to the attention of: City Manager Mercedes City Hall 400 S. Ohio Ave. Mercedes, TX 78570 All proposals must be clearly marked with “RFP 2024-020 – Bank Depository Services.” Proposer is responsible for delivery of response by the date and time set for the closing of the proposal acceptance. Responses received after the date and time set for the closing will not be considered. The City of Mercedes reserves the right to reject any and all proposals and waive informalities in proposals received. All inquiries concerning the RFP must be made in writing and addressed to the address or email address listed below, with e-mail being the preferred method. City of Mercedes Joselynn Castillo City Secretary 400 S. Ohio Ave. Mercedes, TX 78570 Phone: 956-565-3114 Email: jcastillo@cityofmercedes.com Joselynn Castillo City Secretary CITY OF MERCEDES, TEXAS REQUEST FOR PROPOSAL BANK DEPOSITORY SERVICES September 11, 2024 TABLE OF CONTENTS RFP # 2024-020 I. Introduction II. Proposal Qualifications and Submission Instructions III. Financial Environment Overview IV. Financial Institution Qualifications V. Required Services Attachment A: Schedule of Usage and Fee Proposal City of Mercedes Bank Depository RFP 2024-020 2 CITY OF MERCEDES, TEXAS BANKING SERVICES AND DEPOSITORY REQUEST FOR PROPOSAL ____September 11_____, 2024 I. INTRODUCTION The City of Mercedes, Texas (the “City”) is requesting proposals for bank depository services with service to begin ___October 1_____, 2024 and extend through ____September 30____, 2027 with two possible one-year extensions, if approved by the City Council. Through this contract the City intends to minimize banking costs, improve operational efficiency, and maximize earnings.