Invitation to Bid Bid Title: Bank Depository (Two-Year Contract = 10/1/25 to 9/30/27) The City of Nocona will accept sealed bids until 4:00 p.m. on Wednesday May 7, 2025. Bids shall be submitted to the City Secretary prior to the above stated time at City of Nocona, 102 Clay Street, Nocona, Texas 76255. Envelopes must be marked on the outside "Bank Depository Sealed Bid". Bids will be opened for public review on Thursday, May 8, 2025, at 10:00 a.m. and are scheduled for award by the City Council during a regular scheduled meeting Tuesday, May 13, 2025, at 5:00 p.m. Contact Lynn Henley, City Manager at (940) 825-3282 for more information. The City maintains the right to accept any bids or reject all bids and to waive any rregularities. City of Nocona 102 Clay St. Nocona, Texas 76255 940-825-3282 April 17, 2025 Request for Bids: Bank Depository The City of Nocona is requesting sealed bids for a two (2) year bank depository services contract from 10/01/2025 to 09/30/2027. Through this contract the City intends to minimize banking costs, improve operational efficiency, and maximize its investment capabilities. All qualified institutions are invited to submit a proposal. Institutions responding to this Bid Request must be insured through the Federal Deposit Insurance Corporation (FDIC) and must demonstrate the capacity to meet the City's requirements as stated in the RFP. Please submit Bids for Bank Depository Service Contract by 4:00 p.m. on Wednesday May 7, 2025. Envelopes must be marked "Bank Depository Sealed Bid". Contact Revell Hardison, City Secretary at (940) 825-3282 for more information. City of Nocona Application for Bid Depository for Funds Name of Bank making bid Location of Bank where depository will be held Name of Bank Official that will work with the City Contract Provisions The undersigned Bank hereby proposes, if selected as the City of Nocona Depository to adhere to the following contract provisions: 1. Term of the contract is two (2) years commencing on the 1st day of October, 2025 and ending on the 30th day of September, 2027. 2. The City intends to open bank accounts from time to time and reserves the right to modify the number and nature of the accounts at any time. 3. The Bank shall pledge securities equal to the deposits of the City at all times. The bank will provide a listing of such securities at the request of the City stating par value, maturity date and description of the security. The City and the Bank will mutually agree on a bank where securities will be held for safekeeping. Bank will notify the City in writing of any new or substituted pledges. The City Council will authorize any or all releases of pledges. 4. Questions or requests for clarification should be addressed to Revell Hardison, City Secretary, City of Nocona at (940) 825-3282. Page 1 of7 O:BankiBank Bid Packet doc Service Charge Items The bank will Charge / Not Charge for the following services. (Note amount to be charged ifthere will be a charge to the City ). Monthly service charge on accounts No Charge Charge $ (including monthly analysis) Preprinted checks No Charge Charge $ Check on all checks written No Charge Charge $ Deposit/deposited items No Charge Charge $ Return deposited items No Charge Charge $ Overdrafts No Charge Charge $ Safe Deposit Box No Charge Charge $ Night Depository Bags/Keys No Charge Charge $ Wire Transfers No Charge Charge $ Stop Payments No Charge Charge $ FDIC Insurance No Charge Charge $ ACH origination for payroll No Charge Charge $ Cash Management Product No Charge Charge $ (PC Online Banking) Other Charges (please specify): $ $ $ $ $ Page 2 of 7 01BankiBanki Bid Packet. doc Checking Accounts The City reserves the right to open checking accounts as needed. Please list any/all checking accounts that the bank provides that the City could utilize. Bank will furnish bank statements that begin on the first day of each month and end on the last day of each month. Ifyields are based on tiered balances, please list below. 1) Name of Account: Check writing privileges: Unlimited: or Limited: Please explain limits: Current Annual Percentage Yield (APY): on balances of Current Annual Percentage Yield (APY): on balances of Current Annual Percentage Yield (APY): on balances of 2) Name of Account: Check writing privileges: Unlimited: or Limited: Please explain limits: Current Annual Percentage Yield (APY): on balances of Current Annual Percentage Yield (APY): on balances of Current Annual Percentage Yield (APY): on balances of 3) Name of Account: Check writing privileges: Unlimited: or Limited: Please explain limits: Current Annual Percentage Yield (APY): on balances of Current Annual Percentage Yield (APY): on balances of Current Annual Percentage Yield (APY): on balances of Page 3 of7 OBankiBank Bid Packet. doc Time Deposits All investments of City funds must be 100% secure and without risk of loss of principal. Interest earned on time deposits will be calculated on a 365 day simple interest basis for the actual number of days in the time deposit period. 1) The bank will pay the following Annual Percentage Yields on Time Deposits ofless than $100,000.: Term Pricing Index Plus (minus) Basis Points 61 mos. 91 day T-bill Coupon Rate 1 year 91 day T-bill Coupon Rate 2) The bank will pay the following Annual Percentage Yields on Time Deposits ofless than $100,000.: Term Pricing Index Plus (minus) Basis Points 6r mos. 91 day T-bill Coupon Rate 1 year 91 day T-bill Coupon Rate Investment Program During the fiscal year, the City has funds available for investment purposes. The City desires to invest these funds for the maximum earning potential while assuming no risk of the principal on the investment. Please give investment tools provided by your bank. Required Amount Term Rate Required Amount Term Rate Required Amount Term Rate Required Amount Term Rate Required Amount Term Rate Page 4 of 7 OBankiBank Bid Packet. doc Extension of Credit The Bank will lend funds to the City from time-to-time as needed for operating and capital expenditures during the duration of this contract up to a maximum of $ Such loans shall bear an interest rate as follows: Fixed Rate: % or Variable Rate based on Index: with a current rate of %. Loans will be subject to the following (if any) items: Credit Cards arrangements: The City uses Credit Cards for travel and business trip expenses. The Bank may offer a credit card from one of the major card providers. Please provide the details of such offerings. Type of Card: Dollar Limit of Card: Annual Interest Rate: Security and other details of card: Page 5 of 7 O: BankiBank Bid Packet. doc Public Deposit Pledged Collateral All cash deposits must fall into one of three categories by rank of collateralization and their corresponding levels of risk. Category 1: Insured or collateralized with securities held by the City or by its agent in the City's name. Category 2: Collateralized with securities held by the City's official bank depository's trust department or agent in the City's name. Category 3: Un-collateralized, including any investment that is collateralized with securities held by the City's official bank depository or by its trust department or agent but not in the City's name. All cash deposits and collateralization must meet and comply with the Public Funds Investment Act. 1) Provide the City will a list of all securities used against the City deposit ranked by category including the Type of Security, Original Face Value, Current Face Value, Rate, Maturity, Moody Rating, Sand P Rating, Market Value. Other Please specify and other information: Page 6 of 7 O:BankiBank Bid Packet. doc Signatures of Depository Bidder Name of Bidding Depository: By: Print Name: Title: Address: Phone: Page 7 of 7 OBankiBank Bid Packet doc