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 banking institution with public-sector banking experience. Proven capabilities in treasury management, wire processing, positive pay, and online banking. Experienced in collateralizing public deposits and managing government accounts. Strong cybersecurity, fraud prevention, and data protection programs. Able to provide current System and Organization Controls audit reports. Capable of integrating banking services with general ledger and reporting systems.

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 services provider for a one-year contract covering deposit accounts, treasury management, online banking, public-deposit collateralization, cybersecurity, reporting, and service-level commitments.

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

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DESCRIPTION

A government authority in New Orleans, Louisiana is seeking a banking services provider for a one-year contract. Required services include depository and operating accounts such as checking and money market accounts, account structuring across agency programs, sweep services, and earnings-credit arrangements.

The provider will also be responsible for treasury and online banking services, including wire transfer origination and receipt, positive pay, online treasury management, multi-level user administration, and integration support with the agency’s general ledger and reporting tools. Additional requirements include monthly account statements and account analysis by program or account, online access, a defined dispute-resolution process, and collateralization of public deposits.

The selected provider must maintain fraud mitigation and account security controls and provide current System and Organization Controls audit reports. The contract will also require defined processing cutoff times, customer service response standards, and a committed implementation timetable. 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 banking institution with public-sector banking experience
Proven capabilities in treasury management, wire processing, positive pay, and online banking
Experienced in collateralizing public deposits and managing government accounts
Strong cybersecurity, fraud prevention, and data protection programs
Able to provide current System and Organization Controls audit reports
Capable of integrating banking services with general ledger and reporting systems

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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