City of Galveston seeks proposals for banking depository services. Contract term is 3 years with two 1-year renewal options. Proposals due October 23, 2026 at 10:00 AM CST via electronic upload. Public opening via Microsoft Teams. Evaluation criteria include operational requirements, experience, financial strength, additional services, transition plan, compliance, and fees. Payment terms are net 30 days. Collateral required for deposits exceeding FDIC limits at 110% of deposit amount. SAM. gov registration may be required. Protests must be submitted within 3 working days.
Proposals must be submitted by 10:00 a. m. CST, October 23, 2026. Proposals submitted after the above deadline will not be accepted.
Payment terms are net 30 days. Cogs standard payment terms for services are net 30 days.
Evaluation criteria include fees (30%), operational requirements (20%), transition (15%), scope of services (15%), assigned representative experience (15%), financial strength (5%), and compliance (5%). the city is not required to choose the lowest offer.
Proposers must be eligible financial institutions with a deposit-taking branch in Galveston County, Texas. confirm that the bank has a deposit-taking branch in galveston county, texas.
Protests must be submitted in writing within three working days. the protest will be submitted in writing to the cogs purchasing division within three working days after such aggrieved person knows of, or should have known of the facts giving rise thereto.
Proposals not submitted by the deadline or not accompanied by required completed and signed originals will be rejected as nonresponsive. any proposals that are not submitted by the submittal date, or that are not accompanied by the number of completed and signed originals by this rfp, will be rejected by cog as nonresponsive.