RFP NO. 94629-010626 BANKING SERVICES.DEPOSITORY BID

Agency:	State Government of Mississippi
State:	Mississippi
Type of Government:	State & Local
Posted Date:	Dec 9, 2025
Due Date:	Jan 6, 2026
Solicitation No:	7-20251209092737 Jackson
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	7-20251209092737 Jackson	Advertised Date	12/09/2025 12:00 PM
RFx #	3170034586	Submission Date	01/06/2026 3:30 PM
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	CITY OF' JACKSON MISSISSIPPI DEPARTMENT OF ADMINTSTRATION BANKING SERVICES.DEPOSITORY BID RFP NO. 94629-010626

RFx Items

PRODUCT CATEGORY	PRODUCT DESCRIPTION
94629	Serv FinCashMgmt

Awarded

VENDOR NAME

VENDOR NUMBER

AWARD DATE

AWARD AMOUNT

FUNDING SOURCE

Bid Attachments

Attachments
Depository Bid Proposal 2026-2029.pdf

Attachment Preview

CTTY OF' JACKSON MISSISSIPPI

DEPARTMENT OF ADMINTSTRATION

BANKING SERVICES.DEPOSITORY BID

RFP NO. 94629-010626

BANKING SERVICES.DEPOSITORY BID

BID OPENING DATE

0110612026 at3:30 PM City Hatl

Specification Information Contact:

Courtney Bell, Finance Managet 601-960-2005

Warren Hood Building

200 South President Street

Jackson, MS 39201

Bid Submittal Due Date

0110612026 no later than 3:30 PM

MARKED ON OUTSIDE OF ENVELOPE RFP#94629.010626 DEPOSITORY BID

Submit

Municipal Clerk Department

219 South President Street

Jackson, MS 39201

MUNICIPALITY BID PROPOSAL FORM

TO THE BOARD OF ALDERMAN AND MAYOR OF

for We submit the following bid proposal for serving as the deposit

_ the peliod beginning January l,

and ending December 31,-

shall be made according to law:

(municipality) for

and thereafter until new arrangements

any successors to such insurance corporation.

is insured by the Federal Deposit lnsurance Corporation or

)

30,- half percent (5 ll2o/o) or more as of June

has n.ret the primary capital to assets ratio of five and one-

has received certificationof such from the State Treasurer,

and will attach commission in response. Please attach commission in response.

has _

offices located in

Mississippi. Please attach in response a list of all branches located in the municipality.

Include address ofeach branch.

has

employees located in

Mississippi.

agrees to place on deposit with

(municipality) as security any of the securities eligible for

securing of state funds as provided in Section 27-L05-5, Mississippi Code Ann. (1972) in an amount at least equal to

one hundred five percent (105%) of the maximum sum to be placed on deposit in such financial institution at any one

time exclusive of that portion of accounts insured by the Federal Deposit Insurance Corporation, or any successors to

such insurance corporation.

Or,

is a public funds guaranfy pool member under sections2T-105-5 and27-105-

6, Mississippi Code Ann. (1972). The qualified financial institution shall secure those deposits by placing qualified

securities on deposit with the State Treasurer as provided in section 27-105-5.

agrees to execute a Collateral Security Agreement with the

Municipality in the form recommended by the State Treasurer of the State of Mississippi for the purpose of

complying with Section 1823(e) of FIRREA as necessary to ensure that the Municipality will possess a prefened

claim to pledged securities in the event of default by the depository bank. All Collateral Spcurity Agreements will

be executed prior to January 1,

.agrees to monitor monthly deposits of the municipality in order to ensure adequate securities

are pledged and to provide the municipality with an annual report listing accounts reported to the State Treasurer.

agrees to prepare monthly statements beginning with the first

day of the month and ending with the last day of the month, showing debits, credits, balances, and sequential listing

of cashed checks within five (5) business days of the statement closing date.

agrees to pay interest on the Municipality's accounts based on a fixed rate or

variable rate. Variable rates shall be equal to the prior month-end U.S. Target Federal Funds Rate plus or minus

_ basis points. Current U.S. Target Federal Funds Rate is

CURRENTRATES BASED ON ABOVE CALCULATIONS

Variable

Fixed

DDA Checking Accounts

Mo ney Mar lce t/Sav i ngs Acc ounts

Nole. lnterest shall be earned on the average daily investable balance.

10.

agrees to provide earnings allowance on daily Municipality

_%o account balances that offset bank service charges. The earnings credit rate (ECR) shall be

11.

agrees to, if requested, offer advice on cash management

and investment strategies necessary to properly utilize the Municipality's assets.

12.

agrees to provide the requested information

necessary for the completion of the annual audit at no charge to the Municipalify or its auditors.

13.

agrees to allow the Municipality to establish or maintain

checking or savings accounts for no charge or minimum charges/fees for deposits credited, checks paid, incoming

wire transfers, or returned deposit items. ln addition,

agrees to provide the services

listed on the following page at no charge or minimum charge to the Municipality based on account data provided

by the municipality and data listed below:

Account Data

Average Monthly Ledger Balance 70,000,000.00

Number of DDA Checking

Accounts

Number of Savings Accounts

Account

Services

Completed By Municipality'

Services Utilized?

(Yes/Noi Interested)

Monthly Average

Volume

Direct ['ee or

Service Charge

(lndicate Fee or

Stop Pavments

Yes

Ot ttso ing Wire Transfe rs

Yes

ll Inc o mi ns ire Tr ansfe r s

Yes

N isht Depos ito ry Se rvices

Yes

Locking Bank Bags

Yes

Kevs for bank nisht dron

Yes

Deposit Slips

Yes

Checlrs

Re-de pos i t of re tu r ne d de p os i t

iterns at least once

Researclt/State me nt Re product io n

Pavroll Direct Deposit Services

Transactions handled via phone

Cash in to be counted by teller at

time of deposit

[nternet Bankins Access

Yes

lnterested

Yes

4,026

per $100/ $124,910.00

Overdraft Fees and Penalties

Positive Pay

Reconciliation

Contro I led Di sburse me nts

Stored Value (Payroll) Cards

Lockbox Services

Check to ACH Conversion

Yes

lnterested

3 Accounts

Nore.' Please add anv additional services vou deem necessary or have interest in under "Seryice" column

Online Tax Payment Services

Yes

ACH outgoing/incoming

Yes

391117

ZBA Accounts

ACH Filter Block

Online BAI Prev Day

Yes

2 Accounts

Yes

4 Accounts

Yes

14,

agrees to provide ledger credit on the same day as deposits occur (holidays

and weekends excluded). This includes same day credit on wire transfer of funds from the federal and state

government, and same day credit on deposits made by the Municipality prior to 2:00 P.M.CST.

Financial Institution Name:

Primary Contact Name:

Telephone Number:

Street Address:

City, State, Zip Code:

Email Address:

Type or Print Name:

Authorized Signature:

Title:

Date:

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

* Disclaimer: This website provides information about bids, requests for proposals (RFPs), or requests for qualifications (RFQs) for convenience only and does not serve as an official public notice. Individuals who wish to respond to or inquire about bids, RFPs, or RFQs should contact the relevant government department directly.

Sign-up for a Free Trial, Government Bid Alerts

With Free Trial, you can:

You will have a full access to bids, website, and receive daily bid report via email and web.

Try One Week FREE Now

RFP NO. 94629-010626 BANKING SERVICES.DEPOSITORY BID

Attachment Preview

Sign-up for a Free Trial, Government Bid Alerts

See Also