RFP 2026-07-0210 Banking Services 2027-2031 - Addendum No 1 to answer questions

The City of Baton Rouge and Parish of East Baton Rouge, Louisiana are soliciting proposals for comprehensive banking services covering 2027 through 2031 under RFP 2026-07-0210, with proposals due September 16, 2026 at 2:00 PM CST.

The scope includes fiscal agent banking services: account maintenance, deposits, checks paid processing, wire transfers, ACH transactions, safekeeping of securities, collateral pricing, credit card processing, lockbox services, and online data communication. The City-Parish currently maintains approximately 44 demand deposit accounts and 8 zero balance accounts with an average consolidated daily cash balance of approximately $23 million and an investment portfolio of approximately $1 billion. All pledged collateral must be maintained at 103% of aggregate deposits. The fiscal agent bank must maintain a main office or full-service branch located within four miles of City Hall and comply with all applicable federal, state, and local laws and regulations.

Evaluation criteria and qualification requirements are capability-driven. The successful bidder will be determined on lowest total overall cost, including all fees for services outlined in the Bid Response Form. Proposers must meet a minimum Standard and Poor's rating of BBB- (investment grade minimum) and a Community Reinvestment Act rating of at least "Satisfactory" to be considered. Proposers must provide current audited financial statements, clearing schedules, and CRA ratings with their submissions.

The contract term is five calendar years (2027–2031) with no renewal options specified. Written inquiries are due September 1, 2026. A Notice of Intent to Award is anticipated September 30, 2026, with contract initiation January 1, 2027. All proposals and documentation become property of the City-Parish and are subject to Louisiana Public Records Act provisions.