Bank Depository

The City of Denton is seeking proposals from eligible banks to provide depository services for the city's public funds. The selected bank will be responsible for providing a range of services, including checking and savings accounts, wire transfers, and investment services. The city is looking for a bank that can deliver comprehensive services while remaining responsive to the city's banking needs. The contract period will be five years, beginning in 2026 and ending in 2031. The city requires the bank to have an existing branch in the City of Denton, Texas, and to be a state or national bank, credit union, or savings association. The bank must also be able to provide a range of services, including online banking, account analysis, and investment management. Some of the key services that the bank will be required to provide include: • Checking and savings accounts • Wire transfers • Investment services • Online banking • Account analysis • Investment management The city is looking for a bank that can provide high-quality services, competitive pricing, and excellent customer support. The selected bank will be required to execute a Depository Services Contract, which will outline the terms and conditions of the agreement.