Primary Depository Services
Title:  

Primary Depository Services

Agency:  

City of Eagle Pass

State:  

Texas

NAICS Code:  

522110

Industry:  

Financial Services

Solicitation Type:  

Request for Proposal

Solicitation ID:  

2025-030

Open Date:  

7/1/2025

Pre-Bid Meeting Date:  

7/9/2025

Questions Due Date:  

7/16/2025

Close Date:  

8/11/2025

Projected Award Date:  

11/4/2025

Project Duration:  

5 years

Last Updated:  

7/16/2025

Description:
The City of Eagle Pass, Texas, is requesting applications from qualified financial institutions to provide primary depository services. The selected institution will be responsible for providing a range of banking services, including online banking, account reconciliation, and investment services. The contract will be for a term of up to 5 years, with options to extend for up to 2 additional one-year periods. The City is seeking an institution that can provide competitive pricing, excellent customer service, and a robust online banking platform. • Primary depository services • Online banking and account management • Account reconciliation and investment services • Competitive pricing and excellent customer service • Robust online banking platform • Ability to provide services in accordance with the City's investment policy and applicable laws and regulations
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Heber Ruiz(Purchasing Department)

hruiz@eaglepasstx.gov

(830) 773-1111

Budget Estimate (AI):

$250,000 – $1,000,000

Based on the information provided, it is difficult to estimate the exact budget for this contract. However, considering the scope of services required, including primary depository services, online banking, and investment services, the budget could be substantial. The City's operational balances are expected to average around $14 million, and the selected institution will be responsible for managing these funds. Assuming a typical banking service fee structure, the budget could range from $50,000 to $200,000 per year, depending on the services provided and the fees associated with them. Over the 5-year contract term, the total budget could range from $250,000 to $1,000,000.

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