Banking Services for the Louisa County Water Authority

The Louisa County Water Authority in the Commonwealth of Virginia is seeking proposals from qualified banking institutions to provide a comprehensive suite of banking services. The requested services include deposit services, checking services, EDI services, ACH services, and other related banking functions. The Authority has an annual revenue of approximately $3.5 million and is open to considering retail lockbox services as part of the proposals. Proposers must be federally insured, compliant with the Virginia Security for Public Deposits Act, and sufficiently capitalized to meet the Authority's cash management needs. The evaluation criteria will consider the proposer's qualifications, experience, project understanding, availability of support services, and the proposed pricing for the required services. Proposals are due by February 29, 2024 at 3:30 p.m. local time, and the contract term is to be determined, with the option to renew for five successive one-year terms upon mutual agreement.

The RFP does not specify any set-aside designations or restrictions on the types of organizations that can respond. The incumbent vendor(s) or current contractors are not named, and the RFP does not provide information on any existing infrastructure or technology that requires integration. The RFP also does not list a specific award value or budget range for the banking services contract.