Banking services (cctc)

The State of South Carolina's State Fiscal Accountability Authority (SFAA), Division of Procurement Services, is seeking proposals for comprehensive banking services on behalf of Central Carolina Technical College (CCTC) through solicitation number 5400028753. The Request for Proposal (RFP) targets full-service, FDIC-insured financial institutions preferably located within 10 miles of the college's campuses in Sumter, Manning, Camden, and Bishopville. Desired services include managing deposits from student tuition, fees, grants, processing credit card payments, electronic checks, student refunds, and payroll transactions. Key deliverables encompass account maintenance, electronic debits and credits, ACH services, wire transfers, account reconciliation, and remote deposit services. The procurement timeline indicates proposals are due by 11/05/2025 at 11:00 AM (ET), with an anticipated contract effective date of 1/27/2026. The contract structure allows for an initial one-year term with four potential one-year renewals, creating a maximum potential contract period of five years. The college serves approximately 3,000 credit and 2,200 non-credit students annually, with an average ledger balance of $11,586,596.

While no specific set-aside designations or disadvantaged enterprise requirements were explicitly mentioned in the documentation, the RFP appears open to qualified financial institutions meeting the specified service requirements. The proposal notably requests banking services with no specified monthly or annual fees, as reflected in the $0.00 total on the cost proposal sheet. The current contract appears to be a new procurement, with no incumbent vendor identified in the provided materials. Potential respondents must demonstrate capability to handle significant monthly financial activity, particularly during registration and refund periods. Integration capabilities will likely be crucial, as the bank will need to seamlessly manage complex financial transactions across multiple campus locations. While a precise award value is not specified, the college's average ledger balance of $11,586,596 suggests a substantial financial services contract with potential for significant transactional volume.