CITY OF CORSICANA, TEXAS
REQUEST FOR PROPOSAL (RFP)
BANK DEPOSITORY SERVICES
April 01, 2026
200 N. 12TH STREET
CORSICANA, TEXAS 75110
(903) 654-4800
CLOSING TIME: RFP’S ARE DUE NOT
LATER THAN 10:00 A.M. ON April 29, 2026
200 N. 12th STREET
CORSICANA, TX 75110
NAME OF PROPOSER: ____________________________________________
NOTICE OF REQUEST FOR PROPOSALS
CITY OF CORSICANA
NOTICE IS HEREBY GIVEN that the City of Corsicana, Texas, will receive written sealed proposals
only, for MUNICIPAL GOVERNMENT BANK DEPOSITORY SERVICES, as stated in the RFP
documents.
The City shall receive proposals from financial institutions for the City of Corsicana as outlined in
the Specifications section of the RFP. Proposers may be required to participate in an assessment
center if deemed necessary.
Said RFP’s must be in the office of the City Manager, City of Corsicana, 200 N. 12th Street,
Corsicana, Texas, 75110, NO LATER THAN 10:00 a.m. on Wednesday, April 29, 2026. RFP’s that
are postmarked but not received until after this deadline will not be accepted. RFP’s received
after the posted cut-off time will not be accepted.
All RFP’s are to be marked clearly on the outside or if submitting by email in the subject line:
"RFP FOR MUNICIPAL GOVERNMENT BANK DEPOSITORY SERVICES".
RFP’s may be mailed to 200 N. 12th Street, Corsicana, TX 75110, or delivered by courier or in
person to the City Manager’s office 200 N. 12th Street, Corsicana, TX 75110. RFP’s may also be
submitted by email at Bids@corsicanatx.gov.
RFP documents may be obtained at the City of Corsicana Finance Dept. 200 N. 12th Street,
Corsicana, Texas 75110. RFP documents will be ready for pick up on and after April 1, 2026.
RFP’s may also be downloaded in Adobe Acrobat format on the Public Notices section of the
City’s website at www.cityofcorsicana.com. To receive an electronic version to complete
(showing all tracked changes), please e-mail your request to the Finance Department at
vrich@corsicanatx.gov.
The right is reserved to reject any and all Proposals or to accept the Proposal which is deemed by
the City of Corsicana to be in the best interest of the City of Corsicana. The City of Corsicana also
reserves the right to waive any irregularities and/or informalities in the RFP process.
For further information, contact City of Corsicana Finance Dept. at (903) 654-4800.
Publish Dates: April 1, 2026 and April 8, 2026
Corsicana Daily Sun - Legal Publications
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Proof of Publication Required
INSTRUCTIONS TO PROPOSERS
SECTION 1: PROPOSER'S REVIEW
Proposers are expected to examine all related documents of the Request for Proposal. Failure to
do so will be at the proposer's risk.
Any questions concerning the Request For Proposal process should be referred to the City of
Corsicana Director of Finance at (903) 654-4800 at least 72 hours prior to RFP due time. Changes
in the RFP which might arise out of such referral will then be forwarded to all RFP holders of
record prior to the time set for RFP receipt.
SECTION 2: SUBMISSION OF REQUEST FOR PROPOSAL
The City of Corsicana is an Affirmative Action/Equal Opportunity Employer. Prospective
suppliers shall be cognizant of the requirement for compliance with Executive Order 11246,
entitled "Equal Employment Opportunity" as amended by Executive Order 11375 and as
supplemented in regulations of the U.S. Department of Labor (41 CFR part 60).
Proposers are encouraged to describe in detail their services as related to this section and any
additional offerings related to the offering but not specified in this request for proposal.
ONE (1) COMPLETE ORIGINAL AND ONE (1) COMPLETE DUPLICATE COPY of the entire proposal
shall be delivered by the time and to the place stipulated in the Notice of Request for Proposal. It
is the proposer's sole responsibility to see that their proposal is received at the place, date and
time specified. Any proposal received after the scheduled closing time for receipt of proposals
may be returned to the proposer as unacceptable. Oral, facsimile, telegraph, or telephone or
other electronic modifications will not be considered.
Altering the Proposal language or any document or form may render your proposal
nonresponsive.
A duly authorized representative of the proposing firm shall sign the proposal document.
Unsigned offers may be rejected.
Signed copies of all Addenda and/or bulletins issued to prospective providers should be enclosed
with the Proposal. Failure of the proposer to enclose said addenda or bulletins will be considered
grounds for rejection of the RFP.
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TABLE OF CONTENTS
I. Specifications
…………………………………………………………. 5
A. Scope
B. Term of Contract
C. Objectives of the Agreement
II. Calendar of Events
…………………………………………………… 6
III. Criteria for Evaluation
…….…………………………………………. 6
IV. Account Activities
……………………………………………………. 7
A. Number of Accounts
B. Services and Volumes
C. Collateral Required
D. Bank Statements
E. Method of Payment and Reporting
F. Availability of Funds
G. Interest Rates
H. Federal Income Tax Withholding
I.
Research Requests
J.
Check Processing
K. Bank Errors
V. Pledge/Requirements
.……………………………………………….. 9
A. Securities Pledged
B. Reporting Requirements
C. Safekeeping
D. Substitutions
E. Certification and Delivery of Collateral
VI. Investment Activities
.……………………………………………….. 11
VII. Overdraft Provisions
………………………………………………… 11
VIII. Other Stipulations
……………………………………………………. 12
A. Regulation Notices
B. Wire Transfers
C. Right to Cancel Contract
D. Right to Audit Records
E. Financial Reports
F. Term of the Depository Services Contract
G. Online (Web-based) Banking Services
IX. Bidding Requirements
………………………………………………. 13
A. Date, Time, Location
B. Responding to this Application
C. Additional Information
D. Right to Reject Applications
E. Certification
F. Insurance
G. Questions Regarding Depository Application
H. Transfer of Funds
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TABLE OF CONTENTS
CONTINUED
X. Other Miscellaneous
………………………………………………… 14
A. Periodic Review
B. Depository Application and Resulting Contract
C. Bid Advertisement
D. Designating Officials
XI. Depository Application Submitted By
….………………………… 15
XII. Form of Agreement
………………………………………………….. 16
XIII. Acceptance of Depository Application/Depository
Services Contract
…………………………………………... 19
XIV. Certificate of Interested Parties
………………………………………. 20
EXHIBITS
1.
2.
3.
Account Analysis Summary and Averages – 9-Months …………………. 21
Bank Account Transaction Summary – 1-Month
…………………….. 22
City of Corsicana Investment and Collateralization Policy ………………. 23
APPENDICES
1. Banking Service Requirement Pricing - To Be Completed By Bidder … 41
2. Other Bank Services
……………………………………………. 42
ATTACHMENTS - To Be Provided By Bidder
A. Sample Account Analysis Statement
B. Availability Schedule
C. Interest Rate Information
D. Depository Pledge Agreement
E. Sample Safekeeping Agreement
F. Overdraft Provisions
G. Financial Information
H. Controlled Disbursement
I. One-Time Setup Fee and Software Fee
J. Direct Deposit of Payroll and Employee ATM Accounts
K. Balance Reporting
L. Direct Payment for Utilities Charges
M. Employee Benefits
N. Image Direct Deposit/Image Cash Letter/Remote Deposit
O. Other Bank Services
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This is the opportunity summary page. It provides an overview of this opportunity and a preview of the attached documentation.
