Specifications include, but are not limited to: The City of Little Rock hereby invites commercial banking institutions (“the bank” or “proposer”) who possess the capability and expertise to provide depository and various other related banking services for the City of Little Rock, to submit proposals for the provision of those services according to the requirements set forth in this document. The purpose of this process is to identify the banking institution that can offer the highest quality service at the lowest cost. Pending City Board approval, the City anticipates that the awarded bank will become the City’s primary depository bank on January 1, 2023. Proposers shall comment on whether they will be able to meet the minimum qualifications outlined in Section II and meet the timing for all of the services outlined in Section III. Exceptions shall be noted. The banking service contract will be for fiscal years 2023, 2024 and at the option of the City, for five additional years in accordance with the terms and conditions outlined below.
