When is the submission deadline?

Submissions are due August 24, 2026.

It was issued by City Of Bridgeport. The work is located in Bridgeport, Texas, United States.

Who is a good fit for this opportunity?

Commercial banking institution with public-sector depository experience. Strong capabilities in treasury management, ACH, wire transfers, and account services. Demonstrated ability to safeguard public funds and optimize account earnings. Competitive pricing and compliance with applicable banking regulations. Established presence or service capacity in Texas.

Banking Depository Services (Due August 24, 2026)

Overview

Financial, Legal, HR & Staffing

Bridgeport, Texas, United StatesPosted: July 31, 2026Deadline: August 24, 2026

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SUMMARY

The City of Bridgeport, Texas seeks a banking institution to provide comprehensive depository services for public funds. The three-year contract includes deposit processing, payments, wire transfers, ACH services, account management, and financial resource protection.

KEY REQUIREMENTS

Must be a bank, credit union, or savings association doing business within the city limits of the City of Bridgeport
Must be able to provide banking services including deposits, wire transfers, ACH, and stop payments
Must provide sufficient collateral for deposits (up to 103% of largest total balance, minimum $1,500,000)
Must demonstrate strong financial strength and stability
Must be able to provide daily balance reporting via internet access
Must be able to provide positive pay reconcilement services
Must be able to provide remote deposit capability
Must comply with the Texas Local Government Code Chapter 105
Must provide audited annual financial statements and last two quarterly FDIC call reports

CONTRACT DURATION

36 months

TIMELINE

July 30th, 2026: Advertisement of Bank Depository notice in a newspaper of general circulation.

August 24th, 2026: Deadline to receive applications at City Hall by 2:00 PM.

September 28th, 2026: City Council awards Bank Depository Contract at 6:00 PM Council Meeting.

CONTACTS

Primary procurement contact — name, title, email, and phone

Additional decision-makers and their departments

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Issuing Agency

City Of Bridgeport

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DESCRIPTION

A government authority in Bridgeport, Texas is seeking a banking depository services provider to serve as the depository for the city’s public funds. Services are expected to include receiving deposits, paying items, wiring funds, receiving wired funds, processing Automated Clearing House items, stop payments, time deposits, and other standard business banking activities.

The selected provider will be responsible for delivering banking services while maintaining the safety and security of the city’s financial resources. The provider is also expected to maximize earnings on account balances, offer cost-efficient compensation for services subject to competitive market forces, and maintain a productive working relationship with the city.

The contract period will be three years.

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Frequently asked questions

When is the submission deadline?: Submissions are due August 24, 2026.
Who issued this RFP?: It was issued by City Of Bridgeport. The work is located in Bridgeport, Texas, United States.
Who is a good fit for this opportunity?: Commercial banking institution with public-sector depository experience
Strong capabilities in treasury management, ACH, wire transfers, and account services
Demonstrated ability to safeguard public funds and optimize account earnings
Competitive pricing and compliance with applicable banking regulations
Established presence or service capacity in Texas

Analysis generated by Settle AI from the source RFP.

RFP Hunter shows what is open. Settle shows what is forming.

Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.

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