When is the submission deadline?

Submissions are due June 19, 2026. Questions must be submitted by June 1, 2026.

What is the budget for this RFP?

The published budget is $150,000.

It was issued by San Diego Community Power. The work is located in San Diego, California, United States.

Who is a good fit for this opportunity?

FDIC-insured financial institution. Experience serving public sector clients in California. Demonstrated track record in community banking and depository services. Strong compliance and audit support capabilities. Capacity to provide treasury and cash management services.

Community Banking and Qualified Depository Services (Due June 19, 2026)

Overview

Financial, Legal, HR & Staffing

San Diego, California, United StatesPosted: June 11th, 2026Deadline: June 19th, 2026

Fit Score

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SUMMARY

Seeking a provider of community banking and qualified depository services for a government authority in California, including limited treasury and cash management support.

KEY REQUIREMENTS

Must be a qualified public depository
Must comply with California Government Code regarding collateralization of public funds
Must demonstrate financial capacity to perform services
Must provide evidence of required insurance coverage
Must be able to provide community banking and limited treasury services
Must be able to support account structures for public agency funds
Must provide security controls and fraud prevention measures appropriate for public agency banking

BUDGET

Verified

$150,000

CONTRACT DURATION

60 months

TIMELINE

Release of RFP: May 19th, 2026

Questions Due: June 1st, 2026

Responses to Questions Provided: June 9th, 2026

Proposals Due: June 17th, 2026

Interviews (optional): June 29th–July 3rd, 2026

Notice of Intent to Award: July 15th, 2026

Board of Directors Approval: August 27th, 2026

Execution of Agreement: September 1st, 2026

QUESTION DEADLINE

June 1st, 2026

Issuing Agency

San Diego Community Power

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

The government authority in California is seeking a vendor to provide community banking and qualified depository services. The selected firm will serve as a public depository, maintaining a deposit relationship that supports the agency’s financial management needs while advancing the strategic goal of placing funds with community-based financial institutions.

The scope of services includes limited treasury and cash management support necessary for the administration, access, and movement of deposited funds. Key responsibilities encompass account setup and implementation, community depository services, deposit administration, balance management, limited treasury and payment services, reporting and audit support, and ensuring the security, compliance, and safeguarding of funds. Relationship management and accountability are also integral to this engagement.

The anticipated contract will span five years, with all vendor questions due by June 1, 2026.

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Frequently asked questions

When is the submission deadline?: Submissions are due June 19, 2026. Questions must be submitted by June 1, 2026.
What is the budget for this RFP?: The published budget is $150,000.
Who issued this RFP?: It was issued by San Diego Community Power. The work is located in San Diego, California, United States.
Who is a good fit for this opportunity?: FDIC-insured financial institution
Experience serving public sector clients in California
Demonstrated track record in community banking and depository services
Strong compliance and audit support capabilities
Capacity to provide treasury and cash management services

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