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closed🌐 pasadena2026-RFP-0051

Banking Services

pasadena / Finance Department

Description

The City is seeking professional Banking Services from qualified firms as outlined in this RFP. The scope of this project will encompass all general and payroll accounts. The financial institution must be a federal or state-chartered banking entity as defined in the State of California Government Code and be a qualified depository of public funds pursuant to California Government Code Section 53648. The institution must collateralize the City's deposits pursuant to all applicable sections of the California Government Code as well as enter into a collateralization agreement for public funds. The institution must have at least a "satisfactory" Community Reinvestment Act (CRA) rating and have at least a satisfactory rating from a nationally recognized bank rating service. The proposing financial institution must also have a full-service branch location within the limits of the City of Pasadena and provide a dedicated governmental services unit.

Details

Posted
May 15, 2026
Response deadline
Jun 12, 2026, 11:00 PM UTC (1d)
Status
closed
Buyer
pasadena
Department
Finance Department
Jurisdiction
pasadena
Reference #
2026-RFP-0051
Summary
<p>The City is seeking professional <strong>Banking Services </strong>from qualified firms as outlined in this RFP. The scope of this project will encompass all general and payroll accounts.</p><p>The
Is Paused
false
Template Title
Request for Proposals (Competitive Selection PMC 4.08.047)
Copy Count
0
Coming Soon
true
Government Organization Name
City of Pasadena
Government Organization State
CA
Government Organization Website
https://www.cityofpasadena.net/
Government Organization Zip Code
91101
Government Organization Address1
100 N. Garfield Avenue
Government Organization Timezone
America/Los_Angeles
Government Organization Country Code
US
Government Organization Phone Country
1
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This listing is a summary from pasadena's open procurement data. We ingest every field the feed publishes; the full solicitation documents are on the source portal.

Raw record
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  "_slug": "pasadena",
  "title": "Banking Services",
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  "summary": "<p>The City is seeking professional <strong>Banking Services </strong>from qualified firms as outlined in this RFP. The scope of this project will encompass all general and payroll accounts.</p><p>The financial institution must be a federal or state-chartered banking entity as defined in the State of California Government Code and be a qualified depository of public funds pursuant to California Government Code Section 53648. The institution must collateralize the City's deposits pursuant to all applicable sections of the California Government Code as well as enter into a collateralization agreement for public funds. The institution must have at least a \"satisfactory\" Community Reinvestment Act (CRA) rating and have at least a satisfactory rating from a nationally recognized bank rating service. The proposing financial institution must also have a full-service branch location within the limits of the City of Pasadena and provide a dedicated governmental services unit.</p>",
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  "proposalDeadline": "2026-06-12T23:00:00.000Z",
  "releaseProjectDate": "2026-05-15T21:48:54.842Z"
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