When is the submission deadline?

Submissions are due October 9, 2026. Questions must be submitted by September 25, 2026.

It was issued by City Of Hannibal. The work is located in Hannibal, Missouri, United States.

Who is a good fit for this opportunity?

FDIC-insured commercial bank or qualified financial institution. Experience providing depository services to government entities. Robust online banking and treasury management capabilities. Support for positive pay, payroll direct deposits, and electronic reporting. Established ability to serve organizations in Missouri.

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Depository Banking Services

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Overview

Financial, Legal, HR & Staffing

Hannibal, Missouri, United StatesPosted: September 12, 2026Deadline: October 9, 2026

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SUMMARY

A government authority in Hannibal, Missouri seeks a banking institution for depository and online banking services under a one-year contract. The provider must support account management, fund transfers, positive pay, payroll deposits, transaction reporting, and electronic statements.

KEY REQUIREMENTS

Must be a banking institution within the city limits of Hannibal
Must have the capability of receiving wire transfers from state and federal governments
Must offer online banking for retrieving balances, account maintenance, and transferring monies
Must be FDIC-insured and pledge to insure amounts over the FDIC maximum
Must offer business credit cards with no annual fee
Must provide employees of the city free checking and discounted loans
Must have a current City of Hannibal merchant's license
Must provide a bank identification number (Federal Reserve RSSD number)
Must be listed and rated on BankRate.com

CONTRACT DURATION

24 months

TIMELINE

September 11th, 2026: RFPs issued to all qualified area financial institutions

September 11th-25th, 2026: Questions accepted from financial institutions

October 9th, 2026: Sealed proposals due by 2:00 p.m.

October 9th, 2026: Proposals opened at 2:05 p.m.

November 3rd, 2026: Proposal evaluation team submits recommendation and contract award

December 1st, 2026: Implementation process begins

QUESTION DEADLINE

September 25, 2026

CONTACTS

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

Additional decision-makers and their departments

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Issuing Agency

City Of Hannibal

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DESCRIPTION

A government authority in Hannibal, Missouri is seeking a banking institution to provide depository banking and related financial services under a one-year contract.

Required capabilities include online banking for retrieving balances, maintaining accounts, transferring funds, receiving real-time notifications of non-sufficient-funds checks, using positive pay, initiating payroll direct deposits, viewing transaction histories, printing processed checks, exporting transactions to Microsoft Excel, and retrieving monthly statements on the first business day following the end of each month. Questions must be submitted by September 25, 2026.

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Frequently asked questions

When is the submission deadline?: Submissions are due October 9, 2026. Questions must be submitted by September 25, 2026.
Who issued this RFP?: It was issued by City Of Hannibal. The work is located in Hannibal, Missouri, United States.
Who is a good fit for this opportunity?: FDIC-insured commercial bank or qualified financial institution
Experience providing depository services to government entities
Robust online banking and treasury management capabilities
Support for positive pay, payroll direct deposits, and electronic reporting
Established ability to serve organizations in Missouri

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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