NIGP 94625: Banking Services

NIGP 94625 Banking Services is an Item code capturing depository, treasury management, merchant processing, and investment advisory services that state and local governments actively procure to manage operating funds, process payments, and invest reserves. Recent solicitations show state and local buyers acquiring primary depository relationships with commercial banking services (account maintenance, ACH, wire transfers, positive pay, remote deposit capture), merchant card processing across point-of-sale and payment systems, liquidity facilities for commercial paper programs, investment management for fixed-asset and pension portfolios, and specialized banking support for benefit payments and tax administration. Issuing bodies span large and small municipalities (cities of Norcross, Midland, Southlake, Heath, Waxahachie, Balch Springs, and Kingman in Texas and Georgia; City of Sarasota, Florida; City of Lawrence, Massachusetts; City of Midland, Arizona), counties (Gwinnett County, Georgia; Broward County, Florida; Sacramento County, California; Effingham County School District, Georgia), state treasurers' offices (Missouri, Delaware, State of Texas, State of Illinois), special districts (Citizens Property Insurance Corporation, Ontario International Airport Authority), and independent school districts (Manor ISD Texas, Dysart Unified School District Arizona, Cobb County Schools Georgia). Repeat activity centers on primary depository procurement, with multiple Texas municipalities (Waxahachie, Liberty Hill, Heath, Balch Springs, Pflugerville, Southlake, Midland) each issuing depository RFPs in June–August 2026.

Geographic concentration appears strongest in Texas and Georgia, followed by California, Florida, and other states; however, state-level activity in Missouri, Illinois, Delaware, and Utah indicates nationwide procurement across all government tiers. Representative recent opportunities include the City of Balch Springs, Texas RFP for comprehensive depository banking services (due August 14, 2026), Gwinnett County, Georgia sealed proposals for merchant processing services on five-year contract (due July 30, 2026), the City of Norcross, Georgia RFP for full-service municipal banking and procurement card services with five-year initial term and local-firm bonus points (due August 12, 2026), and the Missouri State Treasurer's Office blanket purchase agreement for investment management and consulting supporting approximately $15.1 billion in state monies (due July 29, 2026). Activity remains robust through summer 2026, with compressed timelines and competitive intensity highest among Texas municipal depository RFPs and county-level merchant processing procurements, particularly where existing contracts expire in fall 2026 or early 2027.