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University of Arkansas Division of Agriculture·Arkansas

Comprehensive Banking Services

Closes 5/6/2026$500k – $2MRequest for Proposal
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Description

The University of Arkansas Division of Agriculture is seeking proposals from qualified firms to provide comprehensive banking services. The contract will cover all standard banking functions needed to support the division’s financial operations, including account management, transaction processing, treasury services, and reporting. Proposals must be submitted by the stated deadline, and the selected vendor will enter into a multi‑year service agreement. • Scope includes deposit, disbursement, cash management, and electronic banking solutions. • Vendors must demonstrate experience with higher‑education or agricultural institutions and possess necessary banking licenses. • Submission deadline is May 6, 2026 at 2:30 PM; proposals submitted after this time will be rejected. • All inquiries should be directed to the primary contact, Mark Kiefer, at the procurement office. • The award will result in a long‑term partnership to manage the division’s banking needs.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Mark Kiefer

[email protected]

(479) 502-9701

Key dates

Opened
4/12/2026
Closes
5/6/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522110
Solicitation №
UADA-26-10

Budget estimate

$500,000 – $2,000,000

Based on typical university banking contracts, the annual spend for comprehensive banking services can range from $500,000 to $2,000,000, depending on transaction volume, service complexity, and fee structures. Assuming a multi‑year agreement (e.g., 3‑5 years), the total contract value could fall between $1.5 million and $10 million. Therefore, a reasonable estimate for the client’s potential earnings is $500 k‑$2 M per year.

AI estimate from the solicitation

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