AB-2025-06669 - RFP - Banking Services

The purpose of this Request for Proposal (RFP) is to solicit submissions from Canadian Financial Institutions to provide comprehensive banking services to the Town of Drumheller and its affiliated entities, including the Drumheller & District Solid Waste Management Association (DDSWMA) and the Red Deer River Municipal Users Group (RDRMUG). The term of the banking services provision is ten (10) years plus the option of two (2) additional years at the discretion of The Town of Drumheller. The selected Financial Institution will be the primary banking services provider for the Town of Drumheller commencing January 1, 2026, with the transition beginning on December 1, 2025. This RFP seeks to establish a primary banking relationship that supports the Town's financial operations through secure, efficient, and cost-effective services. The selected Financial Institution will deliver a full range of banking and cash management solutions that meet the current and future needs of the municipality and its affiliates. The financial institution must be committed to safeguarding the integrity of all financial transactions and protecting client assets against fraud, misuse, and unauthorized activity. Fraud prevention framework is built on a multi-layered approach that combines advanced technology, proactive monitoring, strong internal controls, and ongoing employee and client education. The Town is committed to maintaining the highest standards of financial accountability, transparency, and service quality. Through this RFP, the Town aims to partner with a financial institution that demonstrates strong financial stability, modern banking technology, responsive customer service, and a proven track record of servicing public sector clients. If the Town receives a proposal acceptable to it, the Town will select one (1) or more parties who submitted a proposal (the “Proponent”) with whom the Town, in its sole and unfettered discretion, will negotiate regarding the terms of a contract (the “Contract”) to perform the Work.