Bank Depository Services

The City of Granbury is seeking a qualified banking institution to serve as its depository bank for a three‑year term beginning February 1 2027, with two optional one‑year extensions. The bank must maintain a full‑service branch within city limits and provide a full suite of banking services—including deposit management, ACH and wire processing, check handling, online banking, detailed reporting, fraud‑prevention tools, collateralization of city deposits, and safekeeping of investment assets—for approximately 30 existing city accounts. Proposals will be evaluated on service capability, cost, earnings potential, creditworthiness, experience, and responsiveness. The contract will be awarded by the City Council after a review period in early January 2027. • Term: 3 years (plus up to two 1‑year renewals) • Required services: deposit, ACH, wire, check processing, online banking, reporting, fraud tools, collateral reporting, investment safekeeping • Minimum qualifications: FDIC/NCUA insured, Federal Reserve member, compliance with Texas Local Government Code Chapter 105, full‑service branch in Granbury • Evaluation criteria: service capability, cost, earnings potential, creditworthiness, experience, responsiveness • Submission deadline: December 7 2026, 3:00 PM CST • Contact: Eva S. Gregory, Finance Director, [email protected], (817) 573‑7030