Operating Banking Depository Services

The City of West Palm Beach issued a Request for Proposals (RFP 25.26.201 SS) seeking a qualified banking institution with a physical branch inside city limits to provide comprehensive operating banking depository services for municipal funds. The solicitation required technologically advanced solutions, competitive rates, and compliance with city procurement policies. Proposals were to be submitted in both hard‑copy and electronic formats by the deadline of January 23, 2026 at 3:00 PM, with strict adherence to submission procedures. The city emphasized that contact with any non‑procurement personnel could result in disqualification. • Scope: Manage all city deposits, withdrawals, and related banking transactions using modern electronic platforms. • Eligibility: Banks must have a physical branch within West Palm Beach and demonstrate financial stability. • Submission: One original, one USB‑drive electronic copy, and five sealed hard‑copy copies, all time‑stamped by procurement staff. • Evaluation: Based on technology capability, rates, and overall value to the city.