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Awarded contract·Arkansas State University·Arkansas

Banking Services

Won by Centennial Bank$500kSingle Award
Contract source

Awarded vendors

  • Centennial Bank

Description

This contract opportunity concerns the procurement of banking services for the 2020‑2021 fiscal period. The solicitation (RFQ 21‑12) was opened on December 15 2020 and ultimately awarded to Centennial Bank. The scope likely includes standard banking functions such as deposit handling, cash management, and possibly loan servicing for the issuing agency. No specific contract value, term, or detailed scope is disclosed in the excerpt, and the award date was not published. • Commodity: Banking Services • RFQ Number: 21‑12; Opening Date: 15 Dec 2020 • Awarded Vendor: Centennial Bank (single‑vendor award) • Contact for bid results: [email protected] (no further contact details)

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Bids closed
12/15/2020

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
522110
Solicitation №
21-12

Contract value

$500,000

The documents provide no monetary figure. Banking‑service contracts for a state entity typically range from a few hundred thousand dollars to several million, depending on the breadth of services (e.g., cash management, loan processing, treasury functions). Given that the award is to a single commercial bank and the commodity is broadly “Banking Services,” a reasonable midpoint estimate would be roughly $500,000 for a one‑year term, acknowledging that the actual figure could be higher if extensive treasury or loan‑servicing components are included.

AI estimate from the award documents

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