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  5. ›BID 4385 - Bank Bid

Awarded contract·City of Owensboro·Kentucky

BID 4385 - Bank Bid

Won by Independence Bank$100kSingle Award
Contract source

Awarded vendors

  • Independence Bank

Description

This municipal contract was issued by the City of Owensboro, Kentucky, for banking services under bid number 4385. The competitive bidding process opened on April 30, 2024, closed on May 15, 2024, and the contract was subsequently awarded to Independence Bank. No further details on the scope, contract value, or performance period are disclosed. • Agency: City of Owensboro Purchasing Department (Kentucky) • Vendor: Independence Bank (sole award) • Bid opened: April 30 2024; Bid closed: May 15 2024 • No public information on contract term, monetary value, or renewal options.

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Bids closed
5/15/2024

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
522110
Solicitation №
4385

Contract value

$100,000

No contract value is disclosed. A municipal banking service contract for a mid‑size city like Owensboro typically covers services such as account management, treasury functions, and cash handling. Based on comparable city‑bank agreements, the annual spend often ranges from $50,000 to $150,000. Assuming a one‑year term, a reasonable midpoint estimate would be roughly $100,000. This estimate reflects typical fees for banking relationship services in similar municipalities, adjusted for Owensboro’s population (~60,000) and budget constraints.

AI estimate from the award documents

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