The City of Forney is officially searching for a new financial partner, issuing a formal Request for Proposal (RFP) to secure a five-year contract for bank depository and associated services. The new agreement is slated to begin on May 1, 2026, and will remain in effect through April 2031.While the ...

Forney Seeks New Banking Partner to Streamline City Finances

The City of Forney is officially searching for a new financial partner, issuing a formal Request for Proposal (RFP) to secure a five-year contract for bank depository and associated services. The new agreement is slated to begin on May 1, 2026, and will remain in effect through April 2031.

What This Means for Residents

While the selection of a banking institution is a behind-the-scenes administrative function, it directly influences the city’s ability to manage taxpayer funds efficiently. By seeking competitive bids, the City of Forney aims to minimize banking fees, improve day-to-day operational efficiency, and maximize the interest earned on city investments. Effectively, this ensures that public dollars are handled with the highest level of security and financial oversight.

Requirements for Financial Institutions

The City has set strict criteria for potential bidders to ensure the safety of municipal funds. Interested financial institutions must be FDIC-insured and demonstrate the capacity to pledge additional authorized collateral to secure city assets. The RFP outlines a comprehensive list of requirements, including:

• Detailed banking service specifications

• Estimated account activity volumes

Terms and methods of compensation

For More Information

https://www.beaconbid.com/solicitations/city-of-forney/659a3f32-6c67-4408-8102-39f401fc1518/city-of-forney-rfp-request-for-proposal-depository-and-banking-services

Submission Details

Qualified institutions must submit their proposals by 1:00 p.m. CST on April 13, 2026. Submissions must include one complete paper copy and one electronic copy (provided on a thumb drive/PDF). Proposals should be delivered to the attention of:

Deborah Woodham, Director of Finance
City of Forney
402 N. Bois D’Arc
Forney, Texas 75126

All bids must be submitted in a sealed envelope clearly marked, “Proposal for Depository Banking Services.” For additional information or inquiries regarding the RFP, interested parties may contact Deborah Woodham at 972-552-6468 or via email at dwoodham@forneytx.gov.

Stay tuned to inForney.com for further updates on city operations and upcoming council meetings.