Request for Proposals - Examination Assistance Firm

The Connecticut Department of Banking is seeking proposals from qualified and certified public accounting or financial consulting firms to support its examination activities of various Connecticut-chartered financial institutions. These institutions encompass a broad range of entities, including banks, trust banks, credit unions, Innovation Banks, money transmitters, mortgage brokers and lenders, and investment advisers. The primary purpose of this solicitation is to establish a qualified pool of firms that can be engaged on an as-needed basis to assist with examinations, provide specialized expertise, and potentially conduct training sessions for Department personnel. The Department emphasizes selecting firms based on their relevant expertise tailored to the specific type of financial institution being examined, ensuring that the assistance provided aligns with the unique regulatory and operational considerations of each entity. The solicitation, identified as "Request for Proposals - Examination Assistance Firm," was posted on September 16, 2025, with a deadline for responses set for October 17, 2025. The contract size is estimated to range between $500,000 and $2,000,000, reflecting the scope and potential volume of examination support required. The Department aims to compile a list of qualified firms under NAICS code 522310, which pertains to financial transaction processing, funding, and related activities. The Department’s primary contact for this RFP is Matt Saunig, reachable via email and phone. The process is open to all eligible vendors, and further details are accessible through the Connecticut Department of Administrative Services’ bid portal.