Grayson County, Texas, is seeking applications from banks in Van Alstyne to be designated as a county sub-depository bank for a two or four-year term starting October 1, 2026. Proposals are due by 10:00 a. m. CST on July 13, 2026. All questions must be submitted through www. ***. *. * with county officials regarding the proposal is prohibited and may lead to disqualification. The contract will be awarded based on the best evaluated offer, considering price and other factors. Banks must meet specific submission requirements, including financial statements and proposed agreements. The county reserves the right to accept or reject any or all proposals.
Proposals must be received no later than 10:00 a. m. CST on Monday, July 13, 2026. Proposals shall be received no later than 10: 00 a. m. cst, monday, july 13, 2026.
Grayson County may elect to pay for services via direct monthly payment, a monthly credit on average daily balances, or a combination of both. Payment for services to pay or offset the cost of services and supplies in this contract, grayson county may elect any of the following methods: a direct monthly payment for services, at the unit price indicated in the bid or b monthly credit on average daily balances in interest or noninterest bearing accounts, designated by grayson county, based on an earnings allowance rate note: balances of monthly earnings credit above cost, if any, would be carried over to the next month with a final settlement every quarter or c a combination of a and b, above.
The contract will be awarded to the responsible offeror whose proposal is determined to be the best evaluated offer resulting from negotiation, taking into consideration the relative importance of price and other evaluation factors. he award of this contract shall be made to the responsible offeror whose proposal is determined to be the bestevaluated offer resulting from negotiation, taking into consideration the relative importance of price and the other evaluation factors set forth in the request for proposals.
A proposer must be a federal or state of Texas chartered banking institution with banking facilities located within Grayson County and possess the ability to offer the full range of banking services required by the RFP. a proposer must be a federal or state of texas chartered banking institution with banking facilities located within grayson county and with the ability to offer the full range of banking services required by the rfp.
If the bank fails to execute a bank contract within ten business days after being notified of selection, the county may give notice to the bank of the county's intent to select the next most qualified proposing bank or call for new proposals. if the bank fails to execute a bank contract within ten 10 business days after being notified of selection, the county may give notice to the bank of the countys intent to select the next most qualified proposing bank or call for new proposals, whichever the county deems most appropriate.
Any contact with Grayson County elected or appointed officials, directors, or other employees regarding this proposal, outside of the established question submission process, may be cause for disqualification. any contact may be cause for disqualification.