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City of Council Bluffs·Iowa

Banking and Investment Services

Closes 2/4/2026$500k – $2MRequest for Proposal
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Description

The City of Council Bluffs is soliciting proposals for financial institutions to provide high-quality banking and investment services as the primary operating account for the City. The selected firm will be required to provide a range of services, including general banking services, online banking services, depository services, and investment management services. The City is looking for a firm that can provide the best value for the City. The proposal should include the firm's experience, qualifications, and pricing for the required services. • The proposal should include the firm's annual financial statements for the past two years. • The firm should provide a fee schedule for any service not addressed in the 'Line Items' Section. • The firm should provide pricing for each of the required services, including annual account maintenance, coin handling, deposit slips, and wire transfers. • The firm should provide information on their experience and qualifications in providing banking and investment services to government entities. • The firm should provide information on their ability to provide high-quality customer service and support.

Attached files

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

Key dates

Opened
1/7/2026
Questions due
1/28/2026
Closes
2/4/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
523120
Solicitation №
PURCH - 2026 - 1

Budget estimate

$500,000 – $2,000,000

The budget for this opportunity is likely to be in the range of $500,000 to $2 million per year, depending on the services provided and the fees charged by the selected firm. The City of Council Bluffs is a relatively small city, and the banking and investment services required are likely to be modest. However, the contract is expected to be for a long-term period, which could increase the total budget over the life of the contract. Factors that may influence the likely payment range include the firm's experience and qualifications, the level of service required, and the competitiveness of the bidding process.

AI estimate from the solicitation

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