Banking Services

Fort Lewis College, located in Durango, Colorado, has issued Request for Proposal (RFP) 25107 seeking comprehensive banking services from qualified financial institutions. The college requires a multi-year renewable contract for banking services, with specific requirements including four distinct bank accounts: three institutional accounts (payroll, operating/accounts payable, and depository) and an account for FLC Vantage Corporation. Interested financial institutions must hold Colorado State Banking Board designation and Certification of Eligible Public Depository. Required services include direct deposit/ACH processing, Positive Pay, remote deposit capture, online banking capabilities, fraud detection, and maintenance of a full-service branch in Durango. Proposal evaluation will be based on multiple factors including conformance to RFP format, cost, proposed services, timeline, references, and qualifications. Key dates include a proposal submission deadline of October 7, 2025 at 2:00 PM Mountain Standard Time, vendor presentations scheduled between October 27-31, 2025, and anticipated contract start date of December 1, 2025. The college reserves significant flexibility in the award process, including the right to reject all offers, accept non-lowest priced proposals, award multiple contracts, and negotiate terms after initial selection.

While no specific set-aside designations or restrictions on responding organizations were explicitly noted, the RFP requires vendors to meet specific state banking certifications. The college seeks a banking partner that can provide comprehensive services with full transparency of fees, conversion assistance, a designated account contact, and community support. No information was provided about incumbent vendors or specific existing technological infrastructure requiring integration. The RFP does not specify a precise budget range or award value, indicating that cost will be one of several evaluation criteria. The solicitation suggests the college is seeking a comprehensive banking relationship that extends beyond mere transactional services, with an emphasis on finding a responsive and supportive financial partner. Notification of intent to award is expected on November 10, 2025, providing potential vendors with clear expectations about the selection timeline.