Request for Applications for Primary Banking Services
Closed State & local contract opportunity
- Solicitation number
- 2026-RFA-012
- State
- Texas
- Responses due
Opportunity facts
- Jurisdiction
- NIGP code
- UNSPSC codes
- 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
- 64151500 Representative money or currency
- 84121603 Currency exchange services
- 84101603 Non governmental aid
- 84121604 Spot exchange transaction services
- 84121601 Funds clearance services
Show all 33
- 93151702 National bank notes
- 64150000 Monetary instruments or currency
- 84120000 Banking and investment
- 84111700 Corporate finance
- 84121600 Funds transfer and clearance and exchange services
- 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
- Point of contact
-
- Tracy Rosalies trosalies@heathtx.com (972) 961-4882
Opportunity details come from procurement.opengov.com. Updated .
About this opportunity
The City of Heath, Texas is requesting applications from qualified financial institutions to provide primary banking and treasury management services under RFA 2026-RFA-012, with proposals due August 20, 2026 at 2:00 p.m. No set-asides or local-vendor preferences are specified.
The scope includes commercial banking, online banking, ACH and wire services, fraud prevention, collateralization, remote deposit capture, investment-related banking support, and other related depository services. The selected institution must qualify as a depository for public funds under Texas law, with all deposits insured or collateralized at 102 percent of market value of principal and accrued interest. The City maintains a buy-and-hold investment strategy with weighted average maturity targets of less than 365 days for operating funds and maximum maturities of two years. Authorized investments include U.S. Treasury obligations, certificates of deposit from qualified institutions, repurchase agreements, money market mutual funds rated AAAm or equivalent, local government investment pools rated AAA or equivalent, and interest-bearing bank deposits insured by the FDIC.
The initial contract term is two years with options to renew annually for up to five additional one-year terms, subject to City Council approval. The City will award based on best overall value, evaluating service capabilities, technology infrastructure, pricing, financial strength, and responsiveness. A fee schedule is attached to the RFA and serves as the pricing baseline for evaluation. No specific contract value or incumbent information is identified in the procurement documents.
Opportunity text
Project number 2026-RFA-012 is for Request for Applications for Primary Banking Services. Proposals are due no later than 2:00 pm on Thursday, August 20, 2026. The City of Heath is seeking proposals from qualified financial institutions to provide comprehensive primary banking and treasury management services, including commercial banking, online banking, ACH, and wire services, fraud prevention, collateralization, remote deposit capture, investment-related banking support, and other related depository services. The City intends to award a contract that provides the best overall value based on service capabilities, technology pricing, financial strength, and responsiveness. The initial contract term will be two (2) years with options to renew annually for up to five (5) additional one-year terms, subject to City Council approval.
Files
| File | Type | Posted |
|---|---|---|
| Heath_Depository_RFA_2026_-_PROTECTED.docx | DOCX document | |
| Heath_Fee_Schedule.xlsx | XLSX spreadsheet | |
| 2025_Investment_Policy.docx | DOCX document |
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