Primary Depository Services

The City of League City, Texas is seeking qualified financial institutions with a main office or branch within the city limits to serve as the primary depository for its public funds. The contract will begin on May 1 2027 and run through April 30 2030, with an option for two one‑year extensions. Applicants must submit their proposals by October 15 2026. The scope includes accepting city deposits, providing required reporting, maintaining required liquidity, and complying with the City’s Investment Policy and Texas public‑funds statutes. • Eligible bidders: banks, savings institutions, credit unions with a physical presence in League City. • Contract term: 3 years (possible two 1‑year extensions). • Services: deposit intake, account management, compliance reporting, adherence to investment guidelines. • Submission: electronic or hard‑copy proposal by 2 PM Oct 15 2026. • Evaluation based on qualifications, fee schedule (see attached spreadsheet), and ability to meet safety, liquidity, and return objectives.