Contract · State & Local

Banking Services

Agency: City of Pasadena - Finance Department
Location: Pasadena, CA
Amount: Amount not listed
Posted: Jun 22, 2026
Set-aside: None (open competition)

Timeline

Posted

Jun 22, 2026
Status

Closing soon

What this contract is for

Agency: City of Pasadena - Finance Department
Location: Pasadena, CA
Scope: State & Local

The City of Pasadena (City or Pasadena) is seeking professional Banking Services from qualified firms as outlined in this RFP. The scope of this solicitation 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.

Contract/Solicitation #: 2026-RFP-0051

Type: Request for Proposals (Competitive Selection PMC 4.08.047)

Department: Finance Department

Official solicitation and documents

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