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The City of Helotes, Texas is soliciting applications for Primary Depository Bank Services. The contract period will be from June 1, 2026, to May 31, 2031. Applications are due by 2:00 PM on Wednesday, May 13, 2026. Updates and bid notices are available through the city's online bidding system. Questions concerning the RFA should be directed in writing to Daniel Rodriguez, Finance Director, no later than May 1, 2026, via email. The city reserves the right to reject any and all applications and to waive all formalities. The evaluation of applications will be based on various criteria including ability to perform, references, cost of services, and financial strength. Applicants must comply with conflict of interest provisions and Texas law as a state or national bank. Required services include online banking, ACH, wire transfers, positive pay, and controlled disbursement accounts. Collateralization requirements are in accordance with Texas government codes. The city expects a single relationship officer to coordinate efforts.
The bid notice states that sealed applications will be accepted until 2:00 p. m. on Wednesday, May 13, 2026. Applications received after this time will not be considered.
The bid notice indicates that the city intends to pay for all services provided by the earnings credit amount generated by account balances, or by direct payment, or a combination of both.
The bid notice states that the city will award the contract to the applicant whose response provides the best value for the city based on all factors which have a bearing on price and performance of the required services.
Applicants must qualify under current Texas law as a state or national bank to serve as a municipal depository bank.
The bid notice mentions that any bank errors resulting in lost interest to the city will be reimbursed by the bank to the city, and the bank and the city will agree upon the method of reimbursement.
The bid notice does not mention the submission of samples.
The bid notice states that questions concerning this RFA should be directed in writing no later than May 1, 2026.