City of Lexington, Virginia
Request for Proposal – Banking Services
In our capacity as Financial Advisor to the City of Lexington, Virginia (the “City”), Davenport & Company LLC (“Davenport”) is issuing this Request for Proposals (the “RFP”) on behalf of the City to solicit proposals from qualified, experienced, financially sound and responsible financial institutions to provide banking services for the City. We are looking for a financial institution that will assign the City’s General Fund Account, and other accounts and requirements, to a specialized treasury unit with a dedicated team of experienced staff to service these accounts. In addition to these accounts, the City also requires a dedicated customer service representative to be assigned to the City to assist with the day-to-day activity on these accounts.
RFP Estimated Timetable
The anticipated schedule for the RFP and contract approval is as follows:
Davenport Distributes Proposal Documents: March 12, 2024
Deadline for submission of questions: April 2, 2024 4:00 p.m.
Deadline for receipt of proposal: April 9, 2024 11:00 a.m.
Interview of Shortlisted Financial Institutions: Determined upon Financial Institutions notification by City staff.
Estimated Implementation Schedule Start Date: Month of June
