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  5. ›RFP #2214 - BANKING SERVICES

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2214 - BANKING SERVICES

Won by PNC Bank$250kAwarded 10/1/2021Single Award
Contract source

Awarded vendors

  • PNC Bank

Description

This contract awards banking services to PNC Bank, covering the provision of financial transaction processing, account management, and related banking functions for the issuing agency. The agreement includes administrative oversight by a designated contract administrator and procurement contact. • Scope of work: banking‑related services such as deposits, payments, and cash management. • Awarded to a single vendor (PNC Bank) under the reference “BANKING SERVICES.” • No submission deadline, start date, end date, or renewal terms are disclosed in the provided material.

Attached files

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

Key dates

Intent to award
10/1/2021
Awarded
10/1/2021

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
522110
Solicitation №
RFP #2214

Contract value

$250,000

The contract’s dollar value is not disclosed. Banking‑service contracts for a public agency of modest size typically range from a low‑hundred‑thousand to a few‑million dollars annually, depending on transaction volume and service breadth. Assuming a medium‑size agency requiring standard deposit, payment, and cash‑management services, a reasonable ballpark estimate is approximately $250,000 for the initial term. This estimate reflects typical rates for similar banking‑service agreements and the absence of any indication of a large‑scale, high‑volume operation.

AI estimate from the award documents

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