Banking Services

Henrico County, Virginia, issued an RFP for comprehensive banking services and has issued a Notice of Intent to Award, indicating the contract will be split between two vendors. Wells Fargo Bank, N.A. will handle General Banking services, while Truist Bank will provide Institutional Custody services. The contract is a multiple‑award procurement, with award dates of 22‑Apr‑2025, but no further details on contract duration, start/end dates, or financial terms are disclosed. This procurement illustrates a county‑level financial services contract that may be relevant for firms seeking similar banking‑service agreements with local governments. • Two‑vendor award: Wells Fargo (General Banking) and Truist (Institutional Custody). • No budget, start, or end dates provided in the available documents. • Contact point: Oscar Knott, Purchasing Director, (804) 501‑5660, kno008@henrico.