Banking_and_Investment_Services.pdf

Sacramento Housing and Redevelopment Agency

Procurement Services

801 12th Street – 2nd Floor Sacramento, CA 95814

(916) 440-1378 ps@shra.org

Visit our website @ www.shra.org

A Joint Powers Agency

M E M B E R S

City of Sacramento

County of Sacramento

Housing Authority of the City of Sacramento

Housing Authority of the County of Sacramento

Sacramento Housing and

Redevelopment Agency

Request for Proposals

Banking and Investment Services

RFP # 2610-KP

Date RFP Issued August 17, 2026

First Pre-Proposal Meeting (Non- Mandatory)

September 1, 2026, 10:00am You are invited to a Zoom meeting.

When: Sep 1, 2026 10:00 AM Pacific Time (US and

Canada)

Register in advance for this meeting:

https://shra-org.zoom.us/meeting/register/PikIxC-

1R6qb23Wbp9PnPQ

After registering, you will receive a confirmation email containing information about joining the meeting.

Request for Information (RFI) Due September 9, 2026, 4:00pm

Addendum (if necessary) issued September 11, 2026, 4:00pm

Proposals Due September 17, 2026, 3:00pm

Notice of Intent to Award (anticipated) September 30, 2026 mailto:ps@shra.org http://www.shra.org/ https://shra-org.zoom.us/meeting/register/PikIxC-1R6qb23Wbp9PnPQ https://shra-org.zoom.us/meeting/register/PikIxC-1R6qb23Wbp9PnPQ

Request For Proposal (RFP) Solicitation #2610-KP Title: Banking and Investment Services

Notice of Award (anticipated) October 8, 2026

REQUEST FOR PROPOSAL (RFP) SOLICITATION

Banking and Investment Services

I. Introduction II. Subcontracting

III. Scope of Work IV. Insurance Requirement V. Contract VI. Agency Contact VII. Time and Place for Submission of Proposal VIII. Proposal Submittal Format and Requirements IX. Pricing Proposal X. Selection Process Overview XI. Award Notice and Acceptance Period XII. Award of Contract XIII. Mistake in Proposal XIV. Error in Submitted Proposals XV. Agency’s Rights, Options, and Policies

Attachments:

A - SAMPLE SHRA Standard Contract + Attachment 1 (Rev. 9.09.2025)

B - Bid & Contract Instructions - HUD-5369-B (8-93) - Instructions to Offers Non-Construction

C - Bid & Contract Instructions - Supplemental Instructions to Offerors Non-Construction HUD 5369-B

E - HUD Form 51999

1. 1. ................................................................................ Introduction

Request for Proposals

Banking and Investment Services

2610-KP

Date:Monday, August 17, 2026

1.1. 1.1. .................................................................................................. Summary

Sacramento Housing and Redevelopment Agency ("SHRA" and "Agency") is seeking a qualified financial institution to provide comprehensive banking and investment services that support the secure, efficient, and compliant management of public funds across its housing programs. The selected partner will be expected to deliver reliable day-to-day depository services, strong cash management capabilities, interest-bearing accounts, fraud protection tools, electronic payment services, reporting, and HUD-compliant investment options that help the Agency safeguard assets while improving operational efficiency. The project is intended to modernize and strengthen banking operations through responsive service, sound internal controls, technology-enabled solutions, and a smooth implementation approach that supports both current needs and future enhancements. The Agency is especially interested in partnering with a financially stable institution that understands the needs of public-sector clients, can fully collateralize deposits as required, and can bring practical innovations that improve service, transparency, and value.

1.2. 1.2. ............................................................................................... Background

Sacramento Housing and Redevelopment Agency serves as the housing authority for both the City of

Sacramento and the County of Sacramento, administering federally supported housing programs and is responsible for managing public funds in accordance with applicable HUD requirements, procurement standards, and sound financial management practices. As part of these responsibilities, the SHRA must maintain banking relationships and investment practices that protect program assets, support daily operations, and ensure that funds are handled in a secure, transparent, and fully accountable manner.

HUD guidance requires public housing agencies to periodically procure banking services through a competitive process and to maintain appropriate depository agreements and allowable investment arrangements for program funds.

SHRA relies on banking and cash management services to support a wide range of financial activities, including receipt of rents and other payments, processing of accounts payable and payroll, administration of Housing Choice Voucher disbursements, maintenance of security deposits and escrowed funds, and management of short-term investments. These functions require a banking partner with the operational capacity, internal controls, technology, and customer support necessary to meet the needs of a public-sector organization operating multiple programs and accounts.

Given the importance of safeguarding public resources and maintaining efficient financial operations, the

Agency is issuing this Request for Proposals to identify a qualified financial institution capable of providing dependable banking and investment services. Through this procurement, SHRA seeks to establish a banking relationship that supports compliance, service quality, financial stability, and operational efficiency over the term of the contract.

1.3. 1.3. ..................................................................................... Contact Information

Keith Peloquin Compliance/Procurement Analyst 801 12th Street

Procurement Services Sacramento, CA 95814 Email: kpeloquin@shra.org Phone: (916) 449-6296

Department:

Finance

1.4. 1.4. ................................................................................................... Timeline

Attendance is strongly encouraged at the Pre-Proposal meeting.

Date RFP Issued August 17, 2026

First Pre-Proposal Meeting (Non-

Mandatory)

September 1, 2026, 10:00am

You are invited to a Zoom meeting.

When: Sep 1, 2026 10:00 AM Pacific Time (US and

Canada)

Register in advance for this meeting:

https://shra-org.zoom.us/meeting/register/PikIxC-

1R6qb23Wbp9PnPQ

After registering, you will receive a confirmation email containing information about joining the meeting.

Request for Information (RFI) Due September 9, 2026, 4:00pm

Addendum (if necessary) issued September 11, 2026, 4:00pm

Proposals Due September 17, 2026, 3:00pm

Notice of Intent to Award (anticipated) September 30, 2026

Notice of Award (anticipated) October 8, 2026 mailto:kpeloquin@shra.org tel:(916)449-6296

2. 2. ............................................................................ Subcontracting

No subcontracting will be allowed under this contract. However, at the Agency’s discretion, the Agency may allow a sub-contractor to perform work incidental to the scope of work which is outside the contractor’s license type. Any lower-tiered subcontractor shall be bound by all DIR, prevailing wage or certified payroll reporting requirements. All Contractors must notify the compliance analyst of any subcontractor prior to work being done by the subcontractor.

3. 3. ............................................................................. Scope of Work

3.1. 3.1. .................................................................................................... General

The Sacramento Housing and Redevelopment Agency ("SHRA" and “Agency”) seeks proposals from qualified financial institutions to provide comprehensive banking, cash management, treasury, depository, and related Banking and Investment Services, as set forth in the Scope of Work addressed within the

Request for Proposal (RFP).

The Agency expects all required banking services to be integrated, user-friendly, and supported by appropriate training, implementation support, and customer service. The selected financial institution shall clearly describe how these services are accessed, how data is delivered, what file formats are available, what retention periods apply, what system limitations exist, and whether any third-party applications, modules, or implementation costs are required. Failure to provide any of the services identified in this section, or failure to clearly disclose exceptions, may result in the proposal being deemed non-responsive or rated lower during evaluation.

All HUD Forms are available at https://www.hud.gov/hudclips

3.2. 3.2. ................................................. Qualified Depository and Minimum Requirements

Any financial institution submitting a proposal must be a qualified public depository, as defined by applicable California law, and must perform all obligations under this proposal in compliance with all applicable federal and state laws, regulations, statutes, and policies, including but not limited to current

NACHA requirements and future updates.

At a minimum, the offeror must meet the following qualifications:

• Be a qualified public depository

• Be a financial institution whose deposits are insured by the FDIC

• Be willing and able to execute HUD Form 51999, as required

• Meet collateralization requirements for applicable accounts

• Be a member of the Federal Reserve System

• Be a federally chartered or State of California chartered financial institution

• Be in good standing with applicable regulatory authorities

• Be adequately capitalized to accommodate the Agency’s cash management and banking needs

The financial institution shall provide evidence of regulatory standing, charter status, Federal Reserve membership, FDIC insurance, capitalization, and ability to perform the services required under this RFP.

3.3. 3.3. ................................................................ Capitalization and Financial Capacity

Proposers must be adequately capitalized to accommodate the Agency’s cash management needs and the volume of deposits, disbursements, and treasury activity anticipated under this contract. The financial institution shall submit sufficient information to demonstrate financial strength, operational stability, and the ability to support a complex public-sector banking relationship with multiple accounts, payment streams, and reporting requirements.

3.4. 3.4. ............................................. HUD Depository and Collateralization Requirements

SHRA is required by the U.S. Department of Housing and Urban Development (“HUD”) to have a fully executed General Depository Agreement (Form HUD-51999) between the Agency and the depository institution for applicable accounts. The depository must be a financial institution whose deposits are insured by the Federal Deposit Insurance Corporation (“FDIC”). All required bank accounts must meet collateralization requirements within applicable federal guidelines, as stipulated in Form HUD-51999, General Depository Agreement. The selected financial institution must be willing and able to execute

Form HUD-51999 without modification for all required accounts and maintain compliance with all applicable HUD depository requirements. These requirements are consistent with the HUD procurement template, which states that the depository institution must execute the unaltered HUD General Depository

Agreement and continuously secure deposits in excess of FDIC coverage.

The selected bank shall describe in detail its collateralization practices, safekeeping procedures, pledged collateral reporting, substitution procedures, valuation practices, and methods used to ensure that deposits are continuously protected in accordance with HUD requirements and other applicable law.

3.5. 3.5. ............................................................................ Accounts to Be Established

The Agency currently maintains numerous bank accounts and will require these accounts, or substantially similar accounts, to be established and maintained by the selected financial institution. Four (4) accounts require executed HUD-51999 agreements and are marked with an asterisk (*). The number and nature of bank accounts may vary during the contract term based on Agency needs.

The current accounts include, but are not limited to, the following:

• Sacramento Housing and Redevelopment Agency*

• Payroll*

• Housing Choice Voucher*

• Public Housing*

• Norwood

• City Treasury

• Shasta

• SHARP

• SHARP Investments Operating

• SHARP Investments Security Deposits

• Sierra Vista Operating

• Sierra Vista Tenant Security Deposits

• Washington Plaza Operating

• Washington Plaza Security Deposits

• Sutterview Operating

• Sutterview Security Deposits

• RAD Pilot Operating

• RAD Pilot Security Deposits

• Central City Operating

• Central City Security Deposits

• Auburn Falls Operating

• Auburn Falls Security Deposits

• Greenback Grove Operating

• Greenback Grove Security Deposits

• RVP Operating

• RVP Security Deposits

• Sutterview Replacement Reserve

• Sutterview Transition Reserve

• Washington Plaza Savings

• RAD Pilot Operating Reserves

The successful institution shall demonstrate its ability to establish, maintain, administer, and support this account structure, including operating accounts, payroll accounts, program accounts, tenant security deposit accounts, reserve accounts, savings accounts, and investment-related accounts. The successful institution must also demonstrate the ability to open additional accounts or close accounts during the contract term as Agency operations evolve.

3.6. 3.6. ............................................................................. General Banking Services

The successful institution shall provide all banking services necessary to support the Agency’s daily operations and property-level activities. These services shall include, at a minimum, the following:

• New account setup and account closure services

• Account maintenance and administration

• Deposit services for all required accounts

• Electronic access to balances and transactions

• Wire transfer services

• ACH origination and ACH receipt services

• Internal transfers between accounts

• Fraud prevention and exception management tools

• Monthly bank statements and electronic reporting, including delivery in ZIP file format for all accounts

• Downloadable account activity for filtered date ranges in PDF or Excel format

• Downloadable bank activity in Excel format

• Transaction search capability using multiple filters and transaction types, for checks and deposits by date and/or amount

• Ability to quickly identify and view account balances

• Check image access and retrieval

• Returned item processing

• Analysis fee summary reports, consolidated and unconsolidated

• Reconciliation support files and related reporting

• Retention periods for statements, reports, transaction details, and images of greater than one hundred eighty (180) days

• Interest-bearing deposit products and allowable investment products

• Access to qualified customer support personnel

The institution shall provide services in a manner that supports the Agency’s need for strong internal controls, efficient daily banking operations, modern treasury functionality, and reliable customer service during and after banking hours.

3.7. 3.7. ................................ Cash Management, Treasury Tools, and Forecasting Capability

SHRA seeks significantly enhanced cash management capabilities beyond traditional online banking. The selected bank shall provide treasury management tools that enable the Agency to manage cash more effectively across multiple funds, entities, and property-level accounts. The Agency is specifically interested in a robust cash forecasting or treasury intelligence tool that improves visibility into cash positions, projected inflows and outflows, liquidity needs, and investment opportunities.

The institution shall describe its ability to provide:

• Consolidated cash position reporting across all Agency accounts

• Daily and intra-day balance reporting

• Historical trend analysis

• Cash forecasting tools for short-term and longer-term liquidity planning

• Treasury dashboards and analytical reporting

• Money market account trading and reporting

• Customizable reports and downloadable data

• Technology that improves earnings management on deposit balances and allowable investments

The Agency places high value on banking technology that supports proactive cash management, increases financial visibility, and improves financial decision-making.

3.8. 3.8. ................................................... Statements, Reporting, and Information Access

The selected financial institution shall provide modern reporting functionality and convenient access to statements, transactions, and historical banking activity. At a minimum, the bank shall provide:

• Bank statements in ZIP file format for all accounts

• Downloadable bank activity in Excel format

• Downloadable account activity by filtered date range in PDF or Excel format

• Transaction search tools that allow users to search by transaction type and various filters

• Transaction search for checks by date and/or amount

• Transaction search for deposits by date and/or amount

• Ability to locate account balances quickly and efficiently

• Reporting tools that support operational monitoring, research, audit support, and reconciliation.

• ACH customer activity reporting

• ACH reject reporting that distinguishes rejected ACH activity from returned checks or ACH returns

• Reports sufficient to support cash management, reconciliation, audit review, and internal monitoring

The Agency requires a retention period of more than 180 days for online access to statements, reports, transaction detail, and images. The offeror shall clearly state applicable retention periods for all data types, including statements, check images, deposit detail, ACH activity, wires, and transaction history.

3.9. 3.9. ......................................... Lockbox, Rent Collection, and Online Payment Services

The Agency requires tenant payment processing solutions that support operational efficiency and timely posting to tenant ledgers. The selected bank shall provide or support:

• Multi-DD lockbox services for tenant payments

• Custom ETL upload files to post lockbox activity to tenant ledgers

• Compatibility with Rent Café and Yardi portal payment functionality, enabling tenants to make payments online

• Deposit reporting and lockbox file transmission sufficient to support exception handling, internal accounting and receivable posting

The financial institution shall describe the lockbox workflow, reporting options, file formats, file delivery methods, timing of file availability, exception handling, and integration capabilities with the Agency’s housing and property management systems.

3.10. 3.10. .......................................................... ACH, EFT, Wire, and Payment Services

The successful institution shall provide a full suite of ACH, EFT, and wire services to support payroll, landlord payments, vendor payments, recurring payments, and other Agency disbursements and receipts.

These services shall include, at a minimum:

• ACH origination

• ACH customer activity

• ACH return processing and reporting

• ACH rejects

• ACH recurring payment setups and templates

• Preauthorized ACH functionality that allows the Agency to pre-define vendors or parties for ACH payments without repeated fraud manager intervention, as permitted by the bank’s controls

• EFT file support for URP payments and tenant/landlord monthly ACH payments

• Wire transfer services

• Internal transfers

• Recurring payment support

• Combined wire, transfer, and ACH functionality through the bank’s treasury platform

• Add check issuance or related disbursement support functions, if available

The institution shall describe file requirements, approval workflows, processing deadlines, same-day or next-day capabilities, security measures, exception handling, and integration support for all ACH, EFT, and wire services.

3.11. 3.11. ............................................................ Fraud Prevention and Internal Controls

Strong fraud prevention and payment controls are critical requirements of this procurement. The selected bank shall provide tools and processes that strengthen security while supporting efficient operations. At a minimum, the offeror shall provide:

• Positive Pay

• Manual check upload capability

• Positive Pay exception approval workflow

• Payee match recognition on checks

• Check images, front and back

• Returned check reporting

• Fraud Manager or equivalent fraud detection platform

• Stale-dated check reporting from the bank’s perspective, including details on outstanding checks.

• Dual custody approval for wires across all bank accounts

• Dual custody approval for changes to user access

• Security controls for ACH, wires, checks, and online banking users

• Appropriate segregation of duties and approval hierarchies

• Exception reporting and alert capabilities

The institution shall describe in detail its fraud prevention tools, security controls, authentication methods, exception approval process, user administration controls, and procedures for resolving suspected fraudulent or unauthorized transactions.

3.12. 3.12. ................................................ Reconciliation Support and Yardi / IT Integration

The Agency places significant emphasis on reconciliation efficiency and system compatibility. The selected bank must be able to provide the files, formats, delivery methods, and support necessary to improve the Agency’s reconciliation process and support its Yardi and related IT workflows.

The Agency’s current Yardi / IT support needs include, but are not limited to, the following:

• ABR Bill Pay – ACH & VCC / BPX

• Automatic Bank Reconcile via download of BAI2 files from the bank through SFTP

• BPXPAYMETHOD auto batching

• DNA_LOCKBOX

• Process Pay Task / Payment Manager recurring payments

• Positive Pay functionality to allow checks to be cashed by payees

Accordingly, the selected bank shall provide:

• BAI2 files or other reconciliation-compatible formats via secure SFTP delivery

• Reconciliation support files for all relevant accounts

• Reliable and timely file delivery schedules

• Technical coordination with Agency IT and Yardi support staff

• Testing, mapping, onboarding, and troubleshooting support for bank file integrations

• Files and transaction detail sufficient to allow automatic or semi-automated bank reconciliation processes

• Support for custom file formats where needed for Agency operations

The Agency is specifically seeking a bank that can provide the appropriate files and transaction support necessary to complete bank reconciliations in an efficient manner.

3.13. 3.13. ............................................................ Remote Deposit and Banking Supplies

The selected bank shall provide equipment and support necessary for remote deposit operations at

Agency sites, as needed. The financial institution shall describe available remote deposit solutions, equipment requirements, training, maintenance, deposit deadlines, image access, and related support.

In addition, banking documents and services customarily provided to demand deposit customers shall be provided at no charge, including deposit slips, endorsement stamps, and similar routine banking supplies.

The bank shall describe the ordering process, delivery timing, and availability of standard banking supplies.

3.14. 3.14. ........................................................... Customer Service and Account Support

The bank must designate a primary service contact and a corporate or business customer service unit capable of assisting with daily inquiries, service requests, user changes, fraud questions, transaction research, file transmission issues, and urgent banking matters during and after banking hours. The selected bank shall provide responsive support throughout implementation and the full contract term.

The offeror shall identify:

• Primary relationship manager

• Backup contact(s)

• Treasury management support contact(s)

• Technical or implementation support personnel

• Hours of support

• Escalation procedures for urgent issues

The Agency seeks a banking partner that will provide responsive and knowledgeable service at both the relationship-management and day-to-day operational levels.

3.15. 3.15. ............................................................... Optional and Value-Added Services

The Agency encourages proposers to identify additional banking technologies, products, and services that would improve service levels, strengthen controls, increase earnings, streamline processing, reduce manual work, or support future Agency initiatives. These may include, but are not limited to:

• Enhanced treasury intelligence platforms

• Advanced cash forecasting/liquidity analytic tools

• Additional automated or built-in reconciliation tools

• Expanded reporting and dashboard capabilities

• Enhanced investment management support for allowable funds

• Additional services that reduce branch visits or manual paper processing

• Mobile Treasury services

• Threat intelligence

• Real-time payments

• Virtual Accounts

• Automated/smart receivable tool

3.16. 3.16. .............................................................................. Proposal Requirements

All proposals must be submitted in the format identified below in order to expedite the review and selection process. Proposals shall be organized in the exact sequence listed and shall contain clear, complete, and concise responses to each item. Proposers are responsible for including all required information, exhibits, forms, supporting materials, and examples necessary for SHRA to evaluate the proposal.

Failure to provide the required information, required exhibits, or required pricing forms may result in the proposal being deemed non-responsive or receiving a lower evaluation score.

Proposals shall be submitted in the following format:

A. Cover Letter

B. Table of Contents

C. Background of Financial Institution, Board of Directors, and Executive Management Team

D. Local Staff Qualifications and Experience

E. Required Banking Services

F. Implementation Schedule

G. References

H. Additional Banking Services

I. Other Value Added Banking Services

J. Statement of Compliance

K. Banking Services Bid Forms

• Exhibit A – Required Banking Services

• Exhibit B – Optional Banking Services

• Exhibit C – Other Value Added Banking Services

L. Examples

i. Bank Statement

ii. Analysis Statement

iii. Historical Interest Rates and Rate Index

iv. Historical Earnings Credit Rate and Compensating Balance

v. Applicable Reports

vi. Financial Statements

vii. Bank Agreements Relevant to the Proposal

viii. Treasury Management Services

Detailed below is a brief description of each of the above requirements to assist proposers in preparing their submissions.

1. Cover Letter

This section shall include:

• the name and address of the local financial institution

• the names, titles, addresses, email addresses, and direct telephone numbers of staff members authorized to respond to operational, pricing, and technical questions

• the name of the primary contact for the proposal

• a statement that the proposal is valid for the period stated in the RFP

• a statement acknowledging receipt of all addenda, if any

• a statement identifying any exceptions, deviations, or assumptions

The cover letter must be signed by an individual authorized to bind the financial institution contractually.

The proposer shall also enclose a current copy of the applicable board of directors’ resolution, corporate authorization, or other documentation authorizing the signer to bind the financial institution on these matters.

2. Table of Contents

The proposal shall include a table of contents identifying all sections of the proposal, Banking Services

Bid Forms, exhibits, and examples.

3. Background of Financial Institution, Board of Directors, and Executive Management Team

This section shall provide background information regarding the proposing financial institution and its organizational structure. At a minimum, the proposer shall include:

• the name and principal address of the bank and holding company, if applicable

• a statement indicating whether the local office operates independently of the holding company, if applicable

• the names and businesses or affiliations of the board of directors of the financial institution and the holding company, and the local board, if applicable

• the names and titles of the executive management team of the principal office of the financial institution

• detailed information addressing the overall financial strength of the institution, including:

o credit ratings from recognized rating agencies, if available o capital ratios o asset quality o earnings o liquidity o sensitivity to market risk o deposit strength o loan portfolio overview, as relevant

• copies of audited financial statements for the past two fiscal years

The proposer should also identify its charter status, FDIC insurance status, Federal Reserve membership, and other information demonstrating its qualifications to serve as SHRA’s depository and banking services provider.

4. Local Staff Qualifications and Experience

This section shall identify the local staff members who will service SHRA’s account. The proposer shall provide:

• names and titles of all key local staff

• authorized roles and responsibilities

• length of service with the financial institution

• length of service in current area of responsibility

• experience serving public entities, housing authorities, or other comparable governmental clients

• experience of the primary local account officer

• a description of all banking services and products performed by the local banking office

• a differentiation between branch services, treasury management services, and public funds officer services, as applicable

SHRA places importance on the qualifications, continuity, and public-sector experience of the local service team.

5. Required Banking Services

This section shall provide a brief and concise description of each required banking service identified in the

RFP. The proposer shall include a clear statement of compliance for each required banking service.

This section shall address only the banking services specifically identified as required in the RFP.

Proposers shall not include optional, alternative, or value-added services in this section unless specifically requested as part of the required services response.

Proposing financial institutions must detail all fees related to the required services provided.

For this section, failure to clearly respond to a required banking service may be interpreted as the proposer’s inability or unwillingness to provide that service.

6. Implementation Schedule

The proposer shall include a detailed implementation schedule for all required banking services. The schedule shall include, at a minimum:

• contract award and kickoff

• account setup

• execution of depository and treasury documentation

• HUD-51999 execution, where applicable

• online banking setup

• user access configuration

• ACH, wire, and fraud control setup

• lockbox setup

• file transmission and systems integration setup

• BAI2/SFTP configuration, where applicable

• testing and validation

• training

• go-live and cutover

• post-implementation support

The implementation schedule shall identify major milestones, proposer responsibilities, SHRA responsibilities, dependencies, and estimated completion timeframes.

7. References

The proposer shall provide a minimum of three (3) public entity references that have been customers of the proposer for a minimum of three (3) years. For each reference, the proposer shall provide:

• name of the public entity

• contact person and title

• direct telephone number

• email address, if available

• list of banking services provided to the entity

• length of time the entity has been served

• length of time the referenced account has been served by the local primary account officer or local account team, if applicable

References should be for clients similar in size, complexity, or service requirements to SHRA whenever possible.

8. Additional Banking Services

This section shall describe additional banking services identified in the RFP and any other data that may benefit SHRA. Responses shall be brief and concise.

The proposer may also describe additional services or recommendations it believes would enhance

SHRA’s cash management, banking operations, treasury efficiency, or service experience.

All service charges and related fees associated with this section shall be detailed.

9. Other Value Added Banking Services

This section shall describe other value-added banking services, tools, technologies, enhancements, or recommendations that would benefit SHRA. Responses shall be brief and concise and may include services that improve treasury management, reconciliation, cash forecasting, customer service, fraud prevention, online payments, reporting, or integration capabilities.

All related service charges and fees associated with this section shall be detailed in the pricing schedule.

4. 4. .................................................................... Insurance Requirement

4.1. 4.1. ..................................................................................... Basic Requirements

During the term of the contract, the selected contractor must be able to meet Agency

Insurance Requirements.

Contractor shall procure and maintain for the duration of the contract insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the work hereunder and the results of that work by the Contractor, his agents, representatives, employees or subcontractors.

Any questions or concerns regarding insurance coverage should be discussed with

SHRA’s General Counsel or Risk Management. Work shall not proceed until insurance issues/ concerns are resolved.

During the term of the contract, the vendor shall maintain the following insurance coverage from insurance providers licensed to do business in California and having a

Best’s rating of at least A-VII, or a rating of such other rating service as the Agency, in its sole discretion, shall require.

Basic Requirements:

• Named certificate holder on all certificates of insurance shall be:

Sacramento Housing and Redevelopment Agency and Its

Constituent Entities

801 12th Street

Sacramento, CA 95814

• Certificates of Insurance shall include applicable endorsements. Insurance certificates shall not be accepted without the required endorsements. Further guidance of required endorsements is outlined below.

• Proper notification of cancellation of coverage is required. Contractors are required to provide notice of cancellation within ten (10) days for non-payment, and within thirty (30) days for all others.

o Failure to maintain the required insurance coverage is a material breach of the Contract. Agency shall, nevertheless, have the right, without obligation, to pay any delinquent insurance premiums and any other charges to reinstate or maintain the required insurance policies and coverage. Vendor must immediately reimburse Agency for any and all costs incurred by Agency in obtaining or maintaining such insurance. If Agency does incur such costs, Agency shall have the right to withhold such amount from any payment due to the vendor under the Contract and to reduce the compensation payable to the vendor under the Contract by such amount.

• Any deductibles or self-insured retentions must be declared to and approved by the Agency.

4.2. 4.2. ................................ Service Contract and Supply Contract Insurance Requirements

▪ Commercial General Liability: A policy of comprehensive general liability insurance which shall include, without limitation, coverage for contractual liability, public liability and property damage, written for not less than the single limit liability coverage stated.

• Requirements:

o Limits shall be no less than:

▪ $1,000,000 per occurrence for all covered losses

▪ $2,000,000 general aggregate o Deductible shall be $5,000 or less o Endorsements:

▪ ISO Form CG 00 01 or equal equivalent

▪ ISO Form CG 20 10 or equal equivalent

• Projects over one million dollars are subject to Agency General

Counsel determination of alternate limits.

▪ Automobile Liability: Required if motor vehicles are used in performing services in connection with contract. Contractor shall provide automobile liability coverage for owned, non-owned, and hired automobiles.

o Requirements:

▪ Limits shall be no less than: $1,000,000 per accident

▪ Deductible shall be $5,000 or less

▪ Deductible shall be $5,000 or less o Requests:

▪ ISO Form CG 00 01 or equal equivalent

▪ ISO Form CG 20 10 or equal equivalent

▪ Workers Compensation and Employers Liability Insurance: California law requires a company to have Workers Compensation insurance if they have one (1) or more employees.

▪ Requirements:

• Limits shall be no less than $1,000,000 per accident or disease.

• Coverage is required whether the employee is full-time, part-time, temporary, or a family member of the owner. All employees of a company as legally defined including corporate officers and directors must be included in the

Worker’s Compensation policy unless they are owners of the firm. An owner of a firm is defined as having a 25% interest in the firm.

▪ Professional Liability: Required for all professional services provided, including but not limited to: accountant, architect, attorney, claims administration firms, consultants, insurance brokers, engineers, financial advisors, or other person who maintains a professional license.

• Limits shall be no less than:

o $1,000,000 per claim o $1,000,000 aggregate

• Contractor shall maintain professional liability insurance that insures against professional errors and omissions that may be made in performing the Services to be rendered in connection with this

Agreement.

• Any policy inception date, continuity date, or retroactive date must be before the effective date of this agreement, and Contractor agrees to maintain continuous coverage through a period no less than three years after completion of the services required by this agreement.

▪ Cyber Liability: Required if PII attachment is included with contract.

Required if service or product provided include electronic activities which may be vulnerable to data breaches of personal information.

• Requirements:

o Limits shall be no less than: $1,000,000 per claim o Policy shall include coverage through a third party as a cloud provider o Coverage shall be sufficiently broad to respond to the duties and obligations as is undertaken by Vendor in this agreement and shall include, but not be limited to, claims involving infringement of intellectual property, including but not limited to infringement of copyright, trademark, trade dress, invasion of privacy violations, information theft, damage to or destruction of electronic information, release of private information, alteration of electronic information, extortion, and network security.

o The policy shall provide coverage for breach response costs as well as regulatory fines and penalties, and credit monitoring expenses with limits sufficient to respond to these obligations.

o Products and Completed Operations: Evidenced In Commercial

General Liability o Required for contracts with operations where product is made for, sold to, or distributed to Agency

• Requirements:

o Limits shall be no less than: $1,000,000 per claim o Deductible shall be $25,000 or less

5. 5. .................................................................................... Contract

It is the intent of the Agency to award one (1) contract to one (1) contractor for Banking and Investment

Services specified in this RFP document. The contract shall be for an initial period of five (5) years with no option to renew. Provided, however, that under no circumstances shall the Term, as extended, exceed a total of 5 years. The additional periods are at the sole discretion of THE AGENCY based on the contractor’s performance and the Agency’s needs. Should THE AGENCY choose to exercise its option to extend the contract, the selected contractor will be given the opportunity to amend the annual fees after the initial term as part of their submittal to this RFP. Contractor shall inform THE AGENCY at least sixty

(60) calendar days prior to contract expiration of their desire to revise the proposed fees for the upcoming year. Contractor shall provide documentation supporting their request for fee revisions that there have been substantial changes in the business economic conditions that would warrant fee increases (i.e.

substantial increases in fuel costs, parts/materials, etc.) before any revisions shall be considered. The

Agency, at its exclusive discretion, can approve, negotiate, or decline the proposed fee revisions.

The services under this contract may be used by any department, division, or legal entity of the Agency.

Prospective Contractors are advised to review the contract agreement and attachments before submitting their proposals. A sample of the contract is provided as under#Attachments.

https://procurement.opengov.com/portal/shra/projects/259295/document?section=2483492

6. 6. ............................................................................ Agency Contact

All questions, requests for clarification, and submittal procedures, requirements and selection procedures concerning this RFP are to be submitted no later than 4:00 pm on Wednesday, September 9, 2026, via

OpenGov:

https://procurement.opengov.com/portal/shra

A. Agency Contact:

o Keith Peloquin – Compliance/Procurement Analyst o (916) 449-6296 o E-Mail: kpeloquin@shra.org

Written replies to all inquiries will be posted in OpenGov. If it becomes necessary to revise any part of this

RFP, an addendum to the RFP will be issued via OpenGov no later than 4:00 pm on Friday, September

11, 2026.

Do not contact other Agency employees or Selection Committee members regarding this project or the selection procedures. Any communication with other Agency employees regarding this RFP, its scope, technical specs or submittal requirements is grounds for disqualification from this RFP. The Agency will not be responsible for oral or other explanations / interpretations of the RFP document or procedures.

https://procurement.opengov.com/portal/shra

7. 7. .............................................. Time and Place for Submission of Proposal

Contractors responding to this RFP shall review the specific submittal requirements and questions below, and submit their proposal via OpenGov:

All proposals must be received no later than3:00 pm onThursday, September 17, 2026. If the proposal is late or incomplete, that firm may be eliminated from consideration. Proposals will ONLY be accepted through OpenGov, NO EXCEPTIONS.

OPENGOV NOTE: When uploading your documents to OpenGov, please allow sufficient time to complete the process: Once the clock turns 3:00 pm your submittal will not be accepted if you are in the process of uploading. For technical issues relating to your proposal upload, please contact OpenGov

Customer Support (while logged in) using the real-time chat (blue bubble) located on the bottom right-hand corner of the screen, or via email at procurement-support@opengov.com.

After selection and execution of the contracts, all information and materials provided in each submittal received is subject to disclosure through a Public Records Request pursuant to the California Public

Records Act.

8. 8. ........................................... Proposal Submittal Format and Requirements

Submittals of Part I below are to be standard sized (8.5” x 11”) pages and include page numbers. While concise responses are encouraged; each item listed below must be addressed thoroughly. To assist the

Selection Committee in its review, please organize your submission according to the numbered format provided, clearly identifying each item in sequence.

Important Note: Do not include any pricing information in Part I. Inclusion of pricing may result in disqualification of your submission.

8.1. 1. ........................................................................................ Technical Proposal There shall be no cost/fee information submitted in the Technical Proposal. Any cost/fee information submitted in Part I will be cause for disqualification.

8.1.1. 1.1. Proposal Requirements All proposals must be submitted in the format identified below in order to expedite the review and selection process. Proposals shall be organized in the exact sequence listed and shall contain clear, complete, and concise responses to each item. Proposers are responsible for including all required information, exhibits, forms, supporting materials, and examples necessary for SHRA to evaluate the proposal.

Failure to provide the required information, required exhibits, or required pricing forms may result in the proposal being deemed non-responsive or receiving a lower evaluation score.

Proposals shall be submitted in the following format:

A. Cover Letter B. Table of Contents C. Background of Financial Institution, Board of Directors, and Executive Management Team D. Local Staff Qualifications and Experience E. Required Banking Services F. Implementation Schedule G. References H. Additional Banking Services I. Other Value Added Banking Services J. Statement of Compliance K. Banking Services Bid Forms

• Exhibit A – Required Banking Services

• Exhibit B – Optional Banking Services

• Exhibit C – Other Value Added Banking Services L. Examples

▪ Bank Statement

▪ Analysis Statement

▪ Historical Interest Rates and Rate Index

▪ Historical Earnings Credit Rate and Compensating Balance

▪ Applicable Reports

▪ Financial Statements

▪ Bank Agreements Relevant to the Proposal

▪ Treasury Management Services

Detailed below is a brief description of each of the above requirements to assist proposers in preparing their submissions

☐ Please confirm

8.1.2. 1.2. Cover Letter* Please provide a cover letter introducing your company on company letterhead including:

• the name and address of the local financial institution

• the names, titles, addresses, email addresses, and direct telephone numbers of staff members authorized to respond to operational, pricing, and technical questions

• the name of the primary contact for the proposal

• a statement that the proposal is valid for the period stated in the RFP

• a statement acknowledging receipt of all addenda, if any

• a statement identifying any exceptions, deviations, or assumptions

Provide a brief narrative of the company, including company size, years of operation, areas of expertise, and any other relevant information.

The cover letter must be signed by an individual authorized to bind the financial institution contractually.

The proposer shall also enclose a current copy of the applicable board of directors’ resolution, corporate authorization, or other documentation authorizing the signer to bind the financial institution on these matters.

*Response required

8.1.3. 1.3. Table of Contents* The proposal shall include a table of contents identifying all sections of the proposal, Banking Services

Bid Forms, exhibits, and examples.

*Response required

8.1.4. 1.4. Background of Financial Institution, Board of Directors, and Executive Management Team*

This section shall provide background information regarding the proposing financial institution and its organizational structure. At a minimum, the proposer shall include:

• the name and principal address of the bank and holding company, if applicable

• a statement indicating whether the local office operates independently of the holding company, if applicable

• the names and businesses or affiliations of the board of directors of the financial institution and the holding company, and the local board, if applicable

• the names and titles of the executive management team of the principal office of the financial institution

• detailed information addressing the overall financial strength of the institution, including:

o credit ratings from recognized rating agencies, if available o capital ratios o asset quality o earnings o liquidity o sensitivity to market risk o deposit strength o loan portfolio overview, as relevant

• copies of audited financial statements for the past two fiscal years

The proposer should also identify its charter status, FDIC insurance status, Federal Reserve membership, and other information demonstrating its qualifications to serve as SHRA’s depository and banking services provider.

*Response required

8.1.5. 1.5. Local Staff Qualifications and Experience* This section shall identify the local staff members who will service SHRA’s account. The proposer shall provide:

• names and titles of all key local staff

• authorized roles and responsibilities

• length of service with the financial institution

• length of service in current area of responsibility

• experience serving public entities, housing authorities, or other comparable governmental clients

• experience of the primary local account officer

• a description of all banking services and products performed by the local banking office

• a differentiation between branch services, treasury management services, and public funds officer services, as applicable

SHRA places importance on the qualifications, continuity, and public-sector experience of the local service team.

*Response required

8.1.6. 1.6. Required Banking Services* This section shall provide a brief and concise description of each required banking service identified in the

RFP. The proposer shall include a clear statement of compliance for each required banking service.

This section shall address only the banking services specifically identified as required in the RFP.

Proposers shall not include optional, alternative, or value-added services in this section unless specifically requested as part of the required services response.

Proposing financial institutions must detail all fees related to the required services provided.

For this section, failure to clearly respond to a required banking service may be interpreted as the proposer’s inability or unwillingness to provide that service.

*Response required

8.1.7. 1.7.