Banking Treasury Management Services

Closed State & local contract opportunity

Solicitation number
2026-GEN-0062
State
California
Responses due

Opportunity facts

UNSPSC codes
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Point of contact

Opportunity details come from procurement.opengov.com. Updated .

About this opportunity

Written by GovTribe AI ·

Sacramento County Employees' Retirement System (SCERS) is requesting proposals for Banking Treasury Management services from qualified banking institutions to establish a new dedicated banking services structure, with proposals due July 31, 2026 and questions due July 17, 2026.

Eligibility is restricted to U.S. domiciled FDIC member banks with local Sacramento or West Coast presence, Federal Reserve System membership, government public fund depository status, and at least fifteen years of experience providing banking services to government entities. Banks must not have been subject to consent orders within five years and must support transition to in-house payroll processing.

The scope covers demand deposit accounts, zero balance accounts, sweep services, ACH fraud filters, positive pay with payee validation, online wires, desktop deposit, check printing and imaging, benefit payment processing, commercial card services with credit limits of $55,000 to $75,000, cash forecasting, and comprehensive online reporting. The bank must manage approximately 15,000 monthly pension benefit payments totaling $67.5 million, 87 monthly vendor payments averaging $600,000, biweekly employee contribution receipts averaging $15 million, and an annual employer contribution of approximately $360 million received in July. Average monthly account balance is $12.5 million with average monthly inflows and outflows of approximately $63.7 million excluding the July spike. Benefit payments include 15,000 electronic fund transfers, 170 physical checks, and approximately 1,150 lump sum payments annually. The bank must provide dedicated project management for onboarding and testing, support multiple withholding types, and deliver phased implementation including file development, testing, and feedback cycles.

SCERS has net plan assets totaling approximately $15.7 billion as of December 31, 2025. Respondents must submit detailed fee schedules, due diligence questionnaires, SSAE No. 16/SOC1 reports, recent call reports, errors and omissions insurance proof, and data security audit results. SCERS anticipates interviews by August 21, 2026, with final selection and approval by September 16, 2026. Proposals constitute irrevocable offers for 180 days following submission. No reimbursement is available for proposal preparation costs.

Opportunity text

The Sacramento County Employees' Retirement System (SCERS) is requesting proposals ("RFP") from eligible and qualified banking institutions (the "bank") for Banking Treasury Management services. SCERS does not currently maintain a dedicated banking services structure, the selected provider will be establishing these services as a new implementation.

Files

File Type Posted
SCERS_Banking_RFP_Final.pdf PDF
Schedule_of_Information_-_Exhibit_A.xlsx XLSX spreadsheet

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