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State University of New York·New York

Banking Services

Closes 12/8/2026$5M – $15MRequest for Proposal
Get bids like this by emailBid source

Description

The State University of New York at Stony Brook, its Foundation and Faculty‑Student Association are seeking a comprehensive banking‑services partnership to manage cash flow, deposits, lockbox processing, electronic banking, check processing, reporting, and related services. The contract will run for five years and will be awarded based on a best‑value evaluation that weights technical capability (75 %) and cost (25 %). Bidders must be a NY‑chartered bank, national bank, or trust company and must submit detailed technical proposals, pricing for both direct‑fee and compensating‑balance models, and standard banking agreements in editable format. All communications must go through the designated contacts during the restricted period.

Attached files

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

Contact

Jessica Ridge(Contract Officer)

[email protected]

(631) 632-2121

Key dates

Opened
10/20/2026
Questions due
11/9/2026
Closes
12/8/2026
Projected award
11/17/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522110
Solicitation №
26/27-006MC

Budget estimate

$5,000,000 – $15,000,000

No contract value is disclosed, but a multi‑year banking services agreement for a $4.6 billion university system is likely to be in the multi‑million‑dollar range. Assuming a moderate service fee structure, the total contract value could fall between $5 million and $15 million over the five‑year term, depending on transaction volume and chosen compensation method.

AI estimate from the solicitation

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