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Council approves RFP for banking services and allows banks within 10 miles to bid
Taylor City Council · March 12, 2026
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Summary
Staff recommended, and council approved, releasing an RFP for bank depository services that will accept proposals from banks within 10 miles of city hall to encourage competition; staff aims to return award recommendations by May 28 with a July 1 contract start.
Mr. Powers presented the city's required re-bid for banking depository services and explained that state law limits municipalities to banks with a physical presence in the city unless the governing body allows proposals from outside city limits. Staff recommended…
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