Request for Proposals: Bank Services

The City of Hillsdale is requesting proposals for its primary banking services including its main depository. It is the City's intent to award all services to the most qualified Financial Institution, but may in the City's best interest award partial services to two or more qualified Financial Institutions.

The City of Hillsdale has developed the following timetable and fully expects to execute a finalized banking services agreement on or before May 4, 2020: 

• Issue RFP on January 27, 2020
• Deadline to submit questions 3:00 p.m. February 14, 2020
• Deadline for Proposals - 3:00 p.m., March 2, 2020
• Opening of Proposals - 3:15 p.m. March 2, 2020
• Interview with Selected Firms-April 1-10 (if necessary)
• Take staff recommendation to Finance Committee - April 20, 2020
• Recommendation and Approval by City Council - May 4, 2020
• Finalize and Sign services agreement - week of May 11 -15, 2020
• Implementation - Month of July 2020