Final-RFP 17-09-06 Banking Services.docx

The document is a Request for Proposal (RFP) issued by the City of Roanoke, Virginia, seeking competitive proposals from financial institutions to provide banking services for the City and the Roanoke City Public Schools. The contract will be for a period of five years with the option to renew for additional one-year terms. The document outlines the minimum qualifications required for Offerors, including being a federally or state chartered bank, having experience providing banking services for similar organizations, and being qualified to handle public funds in Virginia. The RFP provides details on the background of the City and RCPS, annual revenues, and types of payments processed. It also includes instructions for submitting proposals, information on the evaluation process, and the City's right to cancel the RFP or reject proposals. Additionally, the RFP specifies the deadline for submission, the need for a nonmandatory preproposal conference, and the importance of ensuring the proposal remains valid for 60 days after opening.