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  5. ›Banking Services

City of Indianapolis·Indiana

Banking Services

Closes 6/5/2026$200k – $1MRequest for Information
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Description

The City of Indianapolis and Marion County are seeking detailed, narrative information from qualified financial institutions about their capability to provide comprehensive municipal banking, depository, and treasury‑management services. This RFI is purely informational and may be used to shape a future formal solicitation. Respondents must address nine structured sections covering institutional background, account structures, public‑fund protection, treasury and technology services, customer service, reporting, high‑level fee models, and references. No pricing is required, and the City reserves the right to proceed, modify, or not proceed with an RFP based on the responses. • Provide an overview of your bank’s experience with municipal clients, especially in Indiana/Midwest. • Describe account types, daily reporting, deposit insurance compliance, and treasury‑management tools (online banking, ACH, wire, lockbox, positive‑pay, etc.). • Detail technology integration capabilities (ERP integration, cybersecurity, data feeds) and customer‑service/implementation support. • Supply high‑level fee structures (no detailed pricing) and references from similar municipal entities. • Submit a concise PDF response by June 5 2026, 12 PM ET.

Attached files

Contact

Jeff Eichelberger(Purchasing Agent)

[email protected]

(317) 327-4976

Key dates

Opened
5/11/2026
Questions due
5/22/2026
Closes
6/5/2026

Last updated

Details

Type
Request for Information
Industry
Financial Services
NAICS
522110
Solicitation №
RFI-11EAL-2026-1

Budget estimate

$200,000 – $1,000,000

The RFI does not disclose a contract value. However, a municipal banking and treasury‑management contract for a city of ~1 million residents could reasonably range from a few hundred thousand dollars in annual service fees to over a million dollars for comprehensive, integrated solutions (including deposits, ACH, lockbox, and technology integration). Estimating a mid‑size banking relationship suggests a likely annual spend of $200k‑$1M, with potential for multi‑year extensions that could increase total earnings.

AI estimate from the solicitation

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