December and January Collateral Statements Summary

This document contains collateral statements for the City of Rosenberg, Texas's primary depository bank services solicitation. The City is requesting sealed applications from qualified financial institutions to provide comprehensive depository banking services including online banking with balance reporting, ACH processing, wire transfers, positive pay and account reconciliation, zero balance accounts, electronic lockbox services, cash vault deposits with same-day funds availability, and monthly account analysis statements. The contract encompasses management of multiple accounts including a General Consolidated Cash Operating Account, a Payroll Account (approximately $1,500,000 monthly for 325 employees), an Employee Benefits Trust Account (approximately $450,000 monthly), and an Economic Development Corporation stand-alone account. The procurement timeline includes a question deadline of February 19, 2026, with sealed applications due March 5, 2026, at 2:00 p.m., and City Council review scheduled for April 21, 2026. The contract period runs five years from July 1, 2026, through June 30, 2031, with all fees, rates, and conditions fixed for the entire term with no adjustments permitted.

The City's historical average account balances are under $7,000,000 with maximum potential ledger balances exceeding $12,000,000. Applicants must submit a $5,000 bid bond and provide a FIRREA-compliant board resolution. Prospective bidders must be financially sound State or National banks physically located within City of Rosenberg boundaries and must comply with the City's Investment Policy and collateral requirements under the Public Funds Collateral Act and Public Funds Investment Act, pledging collateral equal to or exceeding required levels on a same-day basis held at an independent custodian. All custodian fees will be paid by the bank with no liability to the City. The City intends to pay for services through earnings credit from account balances, direct payment, or a combination thereof, with quarterly settlement of excess or deficient conditions. No specific budget range or award value is disclosed, and no incumbent vendor is identified in the documentation.