he City of Terrell Hills is requesting proposals for a banking depository services contract to be awarded March 10, 2025, with service to begin on April 1, 2025, and extend through April 1, 2028, with the option to extend for two additional one-year terms. Through this contract the City intends to minimize banking costs, improve operational efficiency, and maximize investment capabilities. This Request for Proposal (RFP) represents the cash management goals, specifies all banks’ required qualifications, the banking services required, the estimated activity volumes on all accounts, the method and terms of compensation, submission instructions and the contract award provisions. The philosophy incorporated into this RFP is to solicit competitive proposals for providing excellent customer service and banking services to the City. The City also places importance on the interest paid on daily deposits above any minimum requirements. The RFP specifications and evaluation criteria have been developed and are described herein.
