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  5. ›Bid No. 26-162 RFP for City Wide Banking Services for…

Massachusetts City of Springfield·Massachusetts

Bid No. 26-162 RFP for City Wide Banking Services for City/Treasurer's Office

Closes 4/22/2026$500k – $2MRequest for Proposal
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Description

The City of Springfield is soliciting proposals for banking services from qualified, full-service banking institutions with demonstrable experience in the municipal area. The City will pay for these services on a direct fee basis. The successful Proposer will be required to provide complete banking services to the City commencing on or around January 1, 2027. This is a three (3) year contract. Key aspects of the job include: • Providing complete banking services to the City • Demonstrable experience in the municipal area • Direct fee basis payment • Three (3) year contract • Commencement of services on or around January 1, 2027

Attached files

Contact

Lauren Stabilo(Chief Procurement Officer)

[email protected]

(413) 787-6284

Key dates

Opened
4/1/2026
Questions due
4/10/2026
Closes
4/22/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522110
Solicitation №
BD-26-1167-PUR02-PUR01-127490

Budget estimate

$500,000 – $2,000,000

The budget for this opportunity is difficult to estimate without knowing the specific fees associated with the banking services. However, considering the City will pay for these services on a direct fee basis, the budget could range from $500,000 to $2,000,000 over the three-year contract period, depending on the scope of services and the fees charged by the banking institution. Factors that may influence the likely payment range include the type and volume of banking services required, the experience and reputation of the banking institution, and the level of competition among bidders.

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