Lead Bank Services
Closed State & local contract opportunity Posted
- Solicitation number
- RFP-01-TRSY-27-288
- State
- Texas
- Responses due
Opportunity facts
- NIGP code
- UNSPSC codes
- 64151500 Representative money or currency
- 84121603 Currency exchange services
- 84101603 Non governmental aid
- 84121604 Spot exchange transaction services
- 84121601 Funds clearance services
- 93151702 National bank notes
- 64150000 Monetary instruments or currency
- 84120000 Banking and investment
- 84111700 Corporate finance
- 84121600 Funds transfer and clearance and exchange services
Show all 33
- 84122000 Cash vault services
- 64151502 Commercial banknotes
- 64151504 Local currency
- 64151505 Digital currency
- 84101604 Government aid
- 84121501 Privately owned banks
- 84121502 Publicly owned banks
- 84121503 Credit unions
- 84121504 Development finance institutions
- 84122001 Deposit verification services
- 84121500 Banking institutions
- 93151700 Currency
- 64151503 Coins or coinage
- 64151501 National banknotes
- 84101601 Co financing
- 84121607 Operating lease finance service
- 84121606 Remittance processing services
- 93141901 Agricultural commercial banking services
- 84101602 Bi lateral or multi lateral aid
- 84121602 Letter of credit services
- 84121605 Currency conversion service
- 93151701 Currencies or coinage
- 93151608 Government or central bank services
- Point of contact
-
- Sterling Crowdus soprocurement@tamus.edu (979) 845-6947
Opportunity details come from txsmartbuy.com. Updated .
About this opportunity
The Texas A&M University System Office of Procurement is requesting proposals for lead bank services supporting its 21-member cash concentration pool, with proposals due September 30, 2026 at 2:00 p.m. Central Time and questions due September 16, 2026.
Eligibility requires respondents to be in good standing with the State of Texas Comptroller, insured through FDIC or NCUA, and authorized to conduct business in Texas as a depository institution. The A&M System requires full collateralization of deposits through a $50 million surety bond issued by a Texas-authorized surety company.
The scope encompasses controlled disbursement accounts, zero balance accounts, wire transfers, ACH services, online information inquiry, local depository services, remote deposit capture, positive pay fraud controls, account reconciliation, and customer service support across the A&M System's 25 member institutions managing 149 active bank accounts. The system maintains a target master account balance of $250,000 and requires wire transfer cut-off times no earlier than 4:00 p.m. Central Time for same-day processing. Historical fiscal year 2026 volumes include 36,959 integrated banking recoupment monthly items, 4,328,784 cash vault deposits, 247,686 ACH received items, and 412,216 reporting items loaded annually. Historical average monthly balances range from approximately $3.1 million to $10.7 million. The A&M System serves approximately 175,000 students across 12 universities, a comprehensive health science center, and eight state agencies with an annual budget of $9.1 billion.
The initial contract term is five years with an option to renew for one additional five-year term contingent on mutual agreement. The incumbent is Wells Fargo as primary banking provider, supplemented by five secondary banking relationships. Evaluation criteria include best value to the A&M System, service quality, experience and qualifications, financial stability, implementation timeline, reasonableness of fees, and past relationship history. An addendum release date is scheduled for September 22, 2026.
Files
| File | Type | Posted |
|---|---|---|
| ESBD_556288_1788453188083_ATTACHMENT A - Cost Proposal and Pricing Schedule.xlsx | XLSX spreadsheet | |
| ESBD_556288_1788453163046_TRSY-27-288 Lead Bank.pdf |
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