Project Information

Bid Title

Banking Services

Issuing Agency

Town of Derry

Location

New Hampshire

Published Date

Feb 3, 2026

Closing Date

Feb 27, 2026

Government Level

State & Local

Status

Closed

Original Source

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Bid Documents

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Project Description

Bids/Proposals	Status	Department	Due By	Awarded To
Banking Services	Open	Finance	Friday, February 27, 2026 by 12pm

Attachment Preview

Town of Derry, NH

Office of the Finance Department

Mark A. Fleischer

Chief Financial Officer

markfleischer@derrynh.gov

REQUEST FOR PROPOSAL

BANKING SERVICES

RFP Coordination by:

Mark A. Fleischer

Chief Financial Officer

markfleischer@derrynh.gov

(603) 432-6103

Proposal Submission Deadline: 2/27/26

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TOWN OF DERRY, NEW HAMPSHIRE

REQUEST FOR PROPOSAL

BANKING SERVICES

Proposals are invited and will be received by the Chief Financial Officer, Mark A Fleischer, 14

Manning Street, Derry, NH 03038 on or before 12:00 pm EST, February 27, 2026, for the furnishing

of the following to the Town of Derry, New Hampshire:

The Town of Derry, New Hampshire is seeking proposals from qualified firms for professional

banking services. Firms must be full-service banking institutions with demonstrable experience in

municipal banking. The intended duration of the contract is: April 1, 2026 – March 31, 2029, with an

optional 2-year extension, although may begin earlier upon agreement of both parties.

Copies of the Request for Proposal may be obtained online at www.derrynh.gov or from the Finance

Office between the hours of 7:00 am and 4:00 pm EST.

Questions concerning the RFP should be directed to Mark A. Fleischer, Chief Financial Officer for

the Town of Derry, NH by email to, markfleischer@derrynh.gov.

Two (2) sealed copies of proposals shall be submitted with a separate sealed envelope for the price

proposal. Only one (1) copy of the price proposal is required. Both envelopes shall be clearly marked

“Banking Services”. Proposals delivered after the appointed time and date will be rejected. The Chief

Financial Officer reserves the right to cancel any request for proposals, to reject in whole or in part

any and all proposals when it is deemed in the best interest of the Town of Derry, NH, to do so.

MARK A. FLEISCHER

CHIEF FINANCIAL OFFICER

TOWN OF DERRY, NH

This RFP Includes:

I.

II.

III.

IV.

V.

VI.

VII.

VIII.

Notice of Request for Proposals for Banking Services

Terms and Conditions

Instructions

Scope of Services

Service Specifications

Evaluation of Proposal

Banking Services Questions/Statements

Other Information

Certificate of non-collusion

Attachment A – Bid Sheet

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I. NOTICE OF REQUEST FOR PROPOSAL FOR BANKING SERVICES

The Town of Derry, NH requests proposals for banking services from qualified, full-service banking

institutions with demonstrable experience in municipal banking.

Pursuant to NH RSA 6:7, a qualifying banking institution must be federally insured, chartered under

the laws of the State of New Hampshire or the federal government, and maintain a branch within the

State. Banks submitting a proposal must be familiar with and be able to comply with all New

Hampshire Statutes pertaining to municipal banking regulations.

KEY DATES FOR THIS PROPOSAL

RFP Issued

Deadline for Submitting Questions on RFP

Proposals due

Anticipated Contract Award

February 3, 2026

February 20, 2026

February 27, 2026

March 10, 2026

Bank Services Commence

On or before April 1, 2026

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II. TERMS AND CONDITIONS

1. The Bank must comply with all laws, bylaws, and regulations of the State of New Hampshire and

the Town of Derry, NH.

2. Vendor is not an agent or employee of the Town of Derry and is not authorized to act on behalf of the

Town of Derry.

3. This agreement supersedes all prior agreements and understandings between the parties and may

not be changed unless mutually agreed upon in writing by both parties.

4. Vendor shall not engage any other company, sub-contractor or individual to perform any obligation

hereunder, without the prior written consent of the Town of Derry.

5. The Vendor certifies that no official or employee of the Town of Derry has a financial interest in this

proposal or in the contract that the vendor offers to execute or in the expected profits to arise there from

and that this proposal is made in good faith without fraud or collusion or in connection with any other

person submitting a proposal.

6. The Town of Derry shall have the right to terminate this agreement if (i) Vendor neglects or fails to

perform or observe any of these obligations hereunder and a cure is not affected by Vendor within

fifteen (15) days following Vendor’s receipt of a termination notice issued by the Town of Derry, or (ii) if

a judgment or decree is entered against Vendor approving a petition for any arrangement, liquidations,

dissolution or similar relief relating to bankruptcy or insolvency and such judgment or decree remains

unvacated for thirty (30) days; or (iii) immediately if Vendor shall file a voluntary petition in

bankruptcy or any petition or answer seeking any arrangement, liquidation or dissolution relating to

bankruptcy, insolvency or other relief or debtors shall seek or consent or acquiesce an appointment of

any trustee, receiver of liquidation of any of Vendor’s property; or (iv) funds are not appropriated or

otherwise made available to support continuation of performance in any fiscal year (July-June)

succeeding the first year of this Agreement.

7. To withdraw, cancel, or modify an RFP at any time prior to the RFP opening date, a proposer must

submit such request in writing to the Chief Financial Officer. Correction or modifications must be

sealed when submitted and must indicate on the outside of the envelope whether the correction or

modification pertains to the price proposal or the non-price proposal.

8. The Vendor's proposal will remain in effect for a period of 90 days from the deadline for submission

of proposals or until it is formally withdrawn, a contract is executed, or this RFP is canceled, whichever

occurs first.

9. The contract will be for a period of three years, beginning on April 1, 2026, and ending on March 31,

2029. At the Town’s sole option, a two-year extension will be permitted with the same terms and

conditions of the original contract or as amended.

10. The Town will have the option to cancel the contract provided that written notice is given 90 days

prior to the effective termination date. The Bank may request a meeting within seven days of receipt of

intent to cancel, for the purpose of resolving the issue(s) that led to the cancellation.

11. The Town also reserves the right to divide the banking services described in this RFP among more

than one financial institution responding to the RFP.

12. The Chief Financial Officer shall cancel the contract if funds are not appropriated or otherwise made

available to support continuation of performance in any fiscal year succeeding the first year.

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13. The Town shall not be responsible for any costs incurred by the financial institution in preparing,

submitting or presenting its response to this RFP.

14. The Town is a public agency and its records, including responses to this RFP, will be deemed public

record and subject to public disclosure under the State’s Right-to-Know laws, pursuant to NH-RSA 91-

A, after the successful bank is selected. Information in the responses considered by the Bank to be

confidential and proprietary should be clearly identified and easily separable. Any public disclosure

restrictions should be clearly explained.

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