Request for Proposals for
Depository and Banking Services
City of Johnson City, Texas
The City of Johnson City, TX (the “CITY” OR “ENTITY”) is requesting proposals for a five (5) year bank depository services contract with service to begin November 1, 2025 and extend through November 30, 2030.
Through this contract the ENTITY intends to minimize banking costs, improve operational efficiency, and maximize its investment capabilities. This Request for Proposal (RFP), which represents the ENTITY’s cash management goals, also specifies all required qualifications, the banking services required, the estimated activity volumes on all accounts, the method of compensation, submission instructions, and contract award provisions. All qualified institutions, as defined below, are invited to submit a proposal.
Institutions responding to this Request for Proposal (RFP) must be insured through the Federal Deposit Insurance Corporation (FDIC) and must be able to demonstrate a capacity to meet the ENTITY’s requirements, as stated in the RFP. To assure a close working relationship and to facilitate services, depository institutions with full depository service capabilities must be provided within the corporate City limits of the ENTITY.
Please click HERE for the Request for Proposals.
Selection Criteria
The following criteria will be used by the ENTITY as the weighting basis for evaluation of the proposals and the award recommendation.
40% – banking services costs and earnings potential,
30% – responsiveness and ability to provide services and reports required,
10% – experience, references, and continuity of bank and bank officials,
15% – creditworthiness and stability of the bank’s ability to provide collateral for deposits, and
5% – community involvement and past sponsorships.
The ENTITY will consider the availability of services and the cost of those services, as well as the earnings potential on idle funds under the contract. All these elements will be combined for evaluation of the proposals. Award may not be made to the institution submitting the lowest price proposal. The ENTITY will choose the institution submitting the best, most responsive overall proposal to satisfy the ENTITY’s needs.
Schedule for Proposal Submission
September 15, 2025 RFP distributed to prospective financial institutions.
September 17, 2025 RFP notice published in the Johnson City Record Courier.
October 15, 2025 Responses due 5:00 P.M. CST at City Hall.
October 21, 2025 City Council consideration of contract award.
October 22, 2025 Begin implementation.
November 3, 2025 New Bank Depository Services Agreement period begins.
Interested parties should submit proposals to:
Rick Schroder
Chief Administrative Officer
303 E. Pecan Dr. (physical address)
P.O. Box 369 (mailing address)
Johnson City, Texas 78636
Sealed proposals, addressed to Chief Administrative Officer Rick Schroder, will be received by mail or in person at City Hall, 303 E. Pecan Dr. (Physical), P.O. Box 369 (Mailing), Johnson City, Texas 78636 until 5:00 p.m. October 15, 2025.
