Primary Depository Bank Services

The City of Rosenberg, Texas is soliciting sealed applications from qualified financial institutions to provide primary depository bank services. The contract period will begin July 1, 2026, and end June 30, 2031. The City requires a range of banking services, including online banking, ACH, wire transfers, and account analysis. The successful applicant will be required to provide these services and enter into a depository bank services agreement, collateral custodial agreement, and a FIRREA compliant resolution of certification. • The City requires online banking services, ACH, wire transfers, and account analysis. • The City has approximately 325 employees and requires direct deposit of payroll. • The City requires a robust ACH system and the ability to create ACH credits for direct deposit of payroll and vendor payments. • The City requires positive pay and full account reconciliation services on designated accounts. • The City requires the bank to provide safekeeping services for the securities owned by the City. • The City requires the bank to act as securities clearing agent for all security purchases made by the City and for sales of securities from the investment portfolio.