City of Tupelo Bank Depositories 2026-002BA

Agency:	State Government of Mississippi
State:	Mississippi
Type of Government:	State & Local
Posted Date:	Dec 17, 2025
Due Date:	Jan 9, 2026
Solicitation No:	365-20251215141940 Tupelo
Original Source:	Please Login to View Page
Contact information:	Please Login to View Page
Bid Documents:	Please Login to View Page

Procurement Details

Smart Number	365-20251215141940 Tupelo	Advertised Date	12/17/2025 12:00 PM
RFx #	3170034646	Submission Date	01/09/2026 10:00 AM
RFx Status	Open	Major Procurement Category	PERSONNEL SERVICES NON-IT
RFx Opening Date	N/A	Sub Procurement Category	PERSONNEL SERVICE - NON-TECHNOLOGY
RFx Type	MDA - RFx
Agency	MPTAP
RFx Description	PLEASE TAKE NOTICE that the City of Tupelo, Mississippi (the City) will receive proposals from qualified financial institutions as defined by Miss Code Ann. (1972) §27-105-315 and §27-105-353 to serve as a designated depository for the City for a twenty

RFx Items

PRODUCT CATEGORY	PRODUCT DESCRIPTION
96335	Serv NonBidMiscFeeBa

Awarded

VENDOR NAME

VENDOR NUMBER

AWARD DATE

AWARD AMOUNT

FUNDING SOURCE

Bid Attachments

Attachments
legal ad 2026-002BA.pdf

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Northeast Mississippi Daily Journal, P O Box 909, Tupelo MS 38802

Account:

Name:

Company:

Address:

Telephone:

3486

TIFFANY MAY

CITY OF TUPELO

P.O BOX 1485

TUPELO, MS 38802

(662) 841-6487

Ad ID:

Description:

Run Dates:

Class:

Orig User:

Words:

Lines:

Agate Lines:

1708657

#1708657 LEGAL NOTICE REQUEST FOR PR

12/16/25 to 12/23/25

1401

JSH

569

116

111

Other Charges:

Discount:

Surcharge:

Credits:

Bill Depth:

$5.00

$0.00

11.069

Net Cost:

Paid Amount:

Amount Due:

#1708657

LEGAL NOTICE

REQUEST FOR PROPOSALS

City of Tupelo Bank Depositories

2026-002BA

PLEASE TAKE NOTICE that the

City of Tupelo, Mississippi (the

“City”) will receive proposals from

qualified financial institutions as

defined by Miss Code Ann. (1972)

§27-105-315 and §27-105-353 to

serve as a designated depository

for the City for a twenty-four (24),

thirty-six (36) or forty-eight (48)

month period beginning February

1, 2026. Financial institutions must

be qualified at the beginning of

said period and must requalify

under the provisions of Miss. Code

Ann. § 27-105-353 (1972, as

amended).

Said proposals shall be com-

pleted using the Bid Form attached

hereto, and sealed and submitted

to Kim Hanna, City Clerk, City of

Tupelo, Post Office Box 1485, 1st

Floor Tax Office, 71 East Troy, Tu-

pelo, MS 38804, not later than

10:00 a.m., Friday, January 9,

2026, at which time such propos-

als shall be opened. Proposals may

also be submitted electronically at

www.tupelomsbids.com. If you

have any questions regarding elec-

tronic bidding, you may direct

them to Plan House at (662) 407-

0193.

In order to maximize efficiency

and economy, the City of Tupelo

will have all demand deposit ac-

counts with one (1) banking insti-

tution. Interest on the demand

deposit will be on an average daily

balance. The City of Tupelo may

also elect one (1) or more deposi-

tories for the placement of funds

for investments and savings.

These investment depositories will

be selected on a competitive basis

as determined by the highest an-

nual interest rate. All other City

funds will be invested by solicita-

tion on a competitive basis from all

qualified depositories approved by

the City of Tupelo.

Each proposal shall contain in-

terest rates to be paid on both

short term and long-term funds

held by the institution as well as

the service charge for transactions

handled by the institution for the

City. Each financial institution des-

ignated as a depository shall des-

ignate the security and collateral

authorized by law as specified in

Miss Code Ann. Sections §27-105-

5 and §27-105-315 for securing

the funds in an amount equal to

105% of the maximum sum on de-

posit at any one time exclusive of

that portion of said deposit ac-

count insured by Federal Deposit

Insurance Corporation. In the

event that the City designates

more than one depository, each fi-

nancial institution designated as a

depository shall provide security

and collateral in an amount equal

to 105% of the maximum sum ac-

tually on deposit at that financial

institution. Each financial institu-

tion designated as a depository

shall enter into a depository agree-

ment with the City.

The City of Tupelo shall use the

following factors in selecting its de-

positories: net earnings of each

account, account costs, costs of

transfer of accounts from existing

depositories, banking services pro-

vided, and having met the require-

ments provided in Section

27-105-315, having in view the

safety of such funds, and other

such relevant factors necessary to

serve the needs and interests of

the City of Tupelo.

The City reserves the right to re-

ject any and all proposals. The City

reserves the right to reduce, in-

crease or vary the amount of mu-

nicipal funds on deposit in its

discretion. The City of Tupelo is an

equal opportunity employer.

Any questions concerning the

proposal should be directed to Kim

Hanna, City Hall, 2nd Floor Finance

Department, 71 East Troy Street,

Tupelo, MS 38804; telephone 662-

841-6502 or email kim.hanna@

tupeloms.gov.

Dated, this the 4th day of De-

cember, 2025.

/s/ KIM HANNA

City Clerk

December 16, 23, 2025.

$130.18

- $0.00

$130.18

Notes:

Email address: Kim.Hanna@tupeloms.gov

This page summarizes the opportunity, including an overview and a preview of the attached documents.

City of Tupelo Bank Depositories 2026-002BA

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