When is the submission deadline?

Submissions are due November 10, 2026. Questions must be submitted by October 13, 2026.

It was issued by Finance Authority Of New Orleans. The work is located in New Orleans, Louisiana, United States.

Who is a good fit for this opportunity?

Established commercial bank with public-sector banking experience. Proven capabilities in treasury management, ACH, wire transfers, and positive pay. Experienced provider of government deposit and collateralization services. Strong cybersecurity controls with current SOC 1, SOC 2, or equivalent audits. Able to integrate banking platforms with general ledger and financial reporting systems. Demonstrated capacity to meet defined service levels and implementation timelines.

Banking Services (Due November 10, 2026)

Overview

Financial, Legal, HR & Staffing

New Orleans, Louisiana, United StatesPosted: October 1, 2026Deadline: November 10, 2026

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SUMMARY

A New Orleans government authority seeks a banking partner for deposit accounts, treasury management, online banking, public deposit collateralization, cybersecurity, reporting, and related services under a three-year contract.

KEY REQUIREMENTS

Must be a banking corporation or depository institution chartered under state or federal law and authorized to do business in Louisiana
Must be insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA)
Must be eligible to serve as a fiscal agent and public depository under Louisiana law
Must demonstrate the ability and willingness to pledge collateral on all public deposits in accordance with Louisiana law and FNO's investment policy
Must comply with applicable state and local procurement laws and FNO's procurement policy
Must submit most recent call report, bank rating agency rating, and Community Reinvestment Act (CRA) rating
Must maintain Financial Institution Bond / Fidelity Bond with a minimum limit of $5,000,000 per occurrence
Must maintain Errors & Omissions / Professional Liability insurance with a minimum limit of $5,000,000 per claim / $10,000,000 aggregate
Must maintain Cyber / Data Breach Liability insurance with a minimum limit of $10,000,000 per occurrence

CONTRACT DURATION

48 months

TIMELINE

RFP Issue Date: September 29th, 2026

Deadline for written questions: October 13th, 2026

FNO responses to questions posted / distributed: October 20th, 2026

Proposal submission deadline: November 10th, 2026, 4:00 PM (CDT)

Interviews / demonstrations (if required): Week of November 17th, 2026

Anticipated contract approval: December 21st, 2026

Anticipated implementation / transition start: January 2027

QUESTION DEADLINE

October 13, 2026

CONTACTS

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

Additional decision-makers and their departments

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Issuing Agency

Finance Authority Of New Orleans

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

A government authority in New Orleans, Louisiana is seeking a banking partner to provide comprehensive banking services supporting its day-to-day operations and broader capital strategy. Required services include depository and operating accounts such as checking and money market accounts, account structuring across agency programs, sweep arrangements, and earnings-credit programs.

The selected provider will also support treasury and online banking functions, including wire transfers, Automated Clearing House origination and receipt, positive pay, online treasury management, multi-level user administration, and integration with the agency’s general ledger and reporting tools. Services must include monthly statements and account analysis by program or account, online access, and a defined dispute resolution process.

Additional requirements include collateralization of public deposits, fraud mitigation and account security controls, current SOC 1, SOC 2, or equivalent audit reports, defined ACH and wire processing cutoff times, customer service response standards, and a committed implementation schedule. The contract term will be three years. Questions must be submitted by October 13, 2026.

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Frequently asked questions

When is the submission deadline?: Submissions are due November 10, 2026. Questions must be submitted by October 13, 2026.
Who issued this RFP?: It was issued by Finance Authority Of New Orleans. The work is located in New Orleans, Louisiana, United States.
Who is a good fit for this opportunity?: Established commercial bank with public-sector banking experience
Proven capabilities in treasury management, ACH, wire transfers, and positive pay
Experienced provider of government deposit and collateralization services
Strong cybersecurity controls with current SOC 1, SOC 2, or equivalent audits
Able to integrate banking platforms with general ledger and financial reporting systems
Demonstrated capacity to meet defined service levels and implementation timelines

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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