When is the submission deadline?

Submissions are due December 17, 2026. Questions must be submitted by November 10, 2026.

It was issued by Housing Opportunities Commission Of Montgomery County. The work is located in Silver Spring, Maryland, United States.

Who is a good fit for this opportunity?

Commercial bank or financial institution authorized to provide government banking services. Demonstrated experience providing lines of credit and commercial lending. Capacity to assume and manage outstanding loan obligations. Proven ability to deliver payment processing, rent collection, reimbursement, and treasury services. Strong financial capacity and compliance infrastructure.

RFP HunterNever miss another opportunity you should have won.

Book a demo

See More RFPs

Banking Services

Book a demo

Overview

Financial, Legal, HR & Staffing

Silver Spring, Maryland, United StatesPosted: September 26, 2026Deadline: December 17, 2026

Settle Signals

Market intelligence for public sector sales teams

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.

Learn more about Settle

SUMMARY

A government authority in Silver Spring seeks a banking partner for a two-year contract covering credit facilities, assumption of outstanding loans, and transactional banking services.

KEY REQUIREMENTS

Must be incorporated under the laws of Maryland, another state, or be a National Banking Association eligible to do business in Maryland
Must be a member of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve System
Must follow EFT, EBT, and ACH processing guidelines maintained by NACHA
Must be compliant with the Community Reinvestment Act (CRA)
Must be in compliance with the Equal Opportunity Employment Act
Must provide a copy of the most recent Equal Employment Opportunity report (EEO-4)
Must commit to a Line of Credit including assumption of current outstanding loan amounts
Must comply with HOC security procedures and background screening requirements
Must obtain and maintain specified liability insurance coverage including Commercial General Liability, Professional/Management Liability, Automobile Liability, Fidelity Bond/Crime Insurance, Worker's Compensation, Cyber Insurance, and Directors and Officers Liability

CONTRACT DURATION

24 months

TIMELINE

Pre-proposal conference: October 6th, 2026

Deadline for questions: November 10th, 2026

Proposal submission deadline: December 17th, 2026

QUESTION DEADLINE

November 10, 2026

CONTACTS

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

Additional decision-makers and their departments

See Decision-Maker Contacts

Issuing Agency

Housing Opportunities Commission Of Montgomery County

Organization overview and procurement intelligence available on paid plans.

See Issuer Research

DESCRIPTION

The government authority in Silver Spring, Maryland, is seeking a banking services provider for a two-year contract. The selected bank will provide credit to support property acquisition, property maintenance, working capital, and other authorized purposes.

Responding banks must commit to a line of credit that includes the assumption of current outstanding loan amounts. The engagement will also cover transactional banking services for vendor payments, salaries, other disbursements, rent collection, agency reimbursements, and related requirements.

A virtual and telephone pre-proposal conference is scheduled for October 6, 2026. Questions must be submitted by November 10, 2026, and proposals are due December 17, 2026.

Similar RFPs

Frequently asked questions

When is the submission deadline?: Submissions are due December 17, 2026. Questions must be submitted by November 10, 2026.
Who issued this RFP?: It was issued by Housing Opportunities Commission Of Montgomery County. The work is located in Silver Spring, Maryland, United States.
Who is a good fit for this opportunity?: Commercial bank or financial institution authorized to provide government banking services
Demonstrated experience providing lines of credit and commercial lending
Capacity to assume and manage outstanding loan obligations
Proven ability to deliver payment processing, rent collection, reimbursement, and treasury services
Strong financial capacity and compliance infrastructure

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.

See how Settle works