Description
The Bexar Appraisal District is seeking a bank to act as its depository for a term of approximately two years, beginning February 1, 2026, and ending January 31, 2028. The selected bank will be responsible for receiving all funds at the District's option to place on demand deposit or interest-bearing time deposits. The bank will also be required to provide a single point of contact to administer all District investments, service requests, and inquiries, as well as prepare monthly statements and other reports as needed. The District reserves the right to invest its funds in such manner as is permitted by the Property Tax Code, and the bank will be required to aid and assist the District in any such investment without charge.
• The bank must be a state or national banking corporation with deposits insured by the Federal Deposit Insurance Corporation.
• The bank must have at least one full-service banking facility located within the city limits of San Antonio.
• The bank must be able to demonstrate the capacity to meet all requirements of the Bexar Appraisal District.
• The bank must provide a bond in the amount and conditioned as provided in the School Depository Act, or pledge approved securities in an amount sufficient as provided in the School Depository Act.
• The bank must comply with all provisions of the laws of the State of Texas relating to depositories.