RFP Depository Services

The City of Parker is requesting proposals for a banking services contract with service to begin January 1, 2022, and extend through December 31, 2024, with the option to extend this contract for two (2) additional one-year terms.  The total term of this contract may not exceed five (5) years from the date January 1, 2022.  Through this contract the City intends to minimize banking costs, improve operational efficiency, and maximize investment capabilities.  This Request for Proposal (RFP) represents the cash management goals, specifies all banks’ required qualifications, the banking services required, the estimated activity volumes on all accounts, the method and terms of compensation, submission instructions and the contract award provision.  Only banks, credit unions and savings associations with locations/branches in the COUNTY limits are eligible to bid.