Bid Detail

26-162 - Request for Proposals for City Banking Services

The City of Springfield is soliciting proposals for banking services from qualified, full-service banking institutions with demonstrable experience in the municipal area. The City will pay for these services on a direct fee basis.

The successful Offeror will be required to provide complete banking services to the City commencing January 1, 2027.

Background of Service and Operation

1. The City of Springfield (the City) is soliciting proposals for banking services from qualified, full-service banking institutions with demonstrable experience in the municipal area. The City will pay for these services on a direct fee basis. The successful Offeror will be required to provide complete banking services to the City commencing no later than January 1, 2027.

2. Prospective Offerors must demonstrate the ability to provide the full range of banking services described in this document (see Section III), must meet all minimum criteria (see Section I (D)) and must submit a completed proposal. All banking institutions submitting a proposal must be familiar with and able to comply with all Massachusetts General Laws (MGL) pertaining to municipal banking relations.

3. This RFP is being conducted in accordance with the competitive sealed proposals as prescribed by Massachusetts General Laws Chapter 30B, § 6. Proposers should familiarize themselves with the provisions of this Act.

Contract Information

1. The term of the contract shall be for Three (3) years. Proposals that only address a portion of the term will be rejected.

2. The City will have the option to cancel the contract provided that written notice is given Sixty (60) days prior to the effective termination date.

RFP responses must be received by 2:00 PM EST on April 22, 2026. RFP responses received after the RFP opening time will not be accepted. RFPs delivered to any other office or location will be rejected as non-responsive. If at the time of the scheduled IFB opening, City Hall or the Office of Procurement is closed due to uncontrolled events such as fire or building evacuation, the IFB opening will be postponed until 2:00 PM on the next normal business day. IFB’S will be accepted until that date and time.

All inquiries related to the requirements should prominently refer to “RFP No. 26-162, City Banking Services”, and the RFP opening date. In order to be considered, questions must be made in writing and received by the Office of Procurement no later than April 10, 2026 by close of business. Responses to inquiries will be in the form of a numbered addendum to the specifications issued by the Office of Procurement and sent to all parties listed in the RFP file as Proposers(s) holding the RFP documents. Proposers should base responses only on the specifications including any addenda, which will become exhibits to the RFP document. The City, in its sole discretion, may decline to provide the information requested.

PLEASE NOTE that all addenda must be acknowledged either in the RFP response (there is a space for that purpose on the RFP cover sheet) when submitted or by following the instructions on the addendum cover sheet. If using the latter means to acknowledge receipt, the Proposer must write the business name of the firm, sign the sheet and email it to Lauren Stabilo at lstabilo@springfieldcityhall.com and/or include a copy of the sheet in the RFP response. Failure to acknowledge any addendum may cause rejection of an RFP response as required by Massachusetts General Laws. Proposer(s) are advised to call the Office of Procurement (413-787-6284) before sending their RFP responses to confirm that all addenda are accounted for.

The City of Springfield supports the goal of twenty percent minority and women participation in all contracts. No questions will be answered unless received by the Chief Procurement Officer at least 7 days prior to the expiration of the time set for submitting bids or proposals. The Chief Procurement Officer reserves the right to waive any informality in and to reject any or all bids if it is in the public interest to do so.

Available Solicitations

As of 10:09 pm Thursday, September 10, 2026

27-033 - For Sale: Redevelop Residential Building at 321 Tiffany Street in Forest Park Neighborhood
End date: Wednesday October 14, 2026 at 2 p.m.

27-040 - Shannon Community Safety Initiative Grant Program
End date: Monday October 5, 2026 at 2 p.m.

27-042 - Improvements to Gerrish Park
End date: Thursday October 1, 2026 at 2 p.m.

27-037 - Pierce Parts and Services
End date: Thursday September 24, 2026 at 2 p.m.

27-038 - On-Call Fencing Repairs; Furnish and Install
End date: Wednesday September 23, 2026 at 2 p.m.

27-035 - Public Works Design Services; Redevelopment of Nathan Bill Park Tennis & Pickleball Courts
End date: Thursday September 17, 2026 at 2 p.m.

27-023 - Automotive Parts and Supplies for the Springfield DPW
End date: Tuesday September 15, 2026 at 2 p.m.

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