Deposit for CITY OF MERIDIAN, MS

Location:	Mississippi
Posted:	Jan 27, 2026
Due:	Feb 17, 2026
Agency:	State Government of Mississippi
Type of Government:	State & Local
Category:	65 - Medical, Dental, and Veterinary Equipment and Supplies
Solicitation No:	15-20260127094329 Meridian
Publication URL:	To access bid details, please log in.

Procurement Details

Smart Number	15-20260127094329 Meridian	Advertised Date	01/27/2026 3:00 PM
RFx #	3170034883	Submission Date	02/17/2026 11:00 AM
RFx Status	Open	Major Procurement Category	COMMODITIES
RFx Opening Date	N/A	Sub Procurement Category	PERSONNEL SERVICE - NON-TECHNOLOGY
RFx Type	MDA - RFx
Agency	MPTAP
RFx Description	We submit the following bid proposal for serving as the deposit for CITY OF MERIDIAN, MS (municipality) for the period beginning January 1, shall be made according to law: 2026 and ending December 31, 2027. The City of Meridian will accept sealed bids fr

RFx Items

PRODUCT CATEGORY	PRODUCT DESCRIPTION
94611	Serv FinAccounting
94649	Serv Financial Other
94655	Serv FinInventory

Awarded

VENDOR NAME

VENDOR NUMBER

AWARD DATE

AWARD AMOUNT

FUNDING SOURCE

Bid Attachments

Attachments
City of Meridian 2026Municipal-Depository-Bid-Form.pdf

Attachment Preview

MUNICIPALITY BID PROPOSAL FORM

TO THE CITY COUNCIL AND MAYOR OF

CITY OF MERIDIAN, MISSISSIPPI

We submit the following bid proposal for serving as the deposit for CITY OF MERIDIAN, MS (municipality) for

the period beginning January 1, 2026 and ending December 31, 2027

and thereafter until new arrangements

shall be made according to law:

any successors to such insurance corporation.

is insured by the Federal Deposit Insurance Corporation or

has met the primary capital to assets ratio of five and one-

half percent (5 1/2%) or more as of June 30,

, has received certification of 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 of each branch.

has

employees located in

, Mississippi.

CITY OF MERIDIAN,

MISSISSIPPI

agrees to place on deposit with

(municipality) as security any of the securities eligible for

securing of state funds as provided in Section 27-105-5, 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 guaranty pool member under sections 27-105-5 and 27-105-

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 preferred

claim to pledged securities in the event of default by the depository bank. All Collateral Security 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

CURRENT RATES BASED ON ABOVE CALCULATIONS

Variable

DDA Checking Accounts

Money Market/Savings Accounts

Note: Interest shall be earned on the average daily investable balance.

Fixed

10.

agrees to provide earnings allowance on daily Municipality

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 Municipality 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. In 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 $85,000,000

Number of DDA Checking

Accounts

Number of Savings Accounts 0

Completed By Municipality

Financial Institution’s Response

Account

Services

Services Utilized?

(Yes/No/Interested)

Monthly Average

Volume

Provided at No

Charge

(Yes or No)

Direct Fee or

Service Charge

(Indicate Fee or

Charge)

Stop Payments

Yes

Outgoing Wire Transfers

Yes

Incoming Wire Transfers

Night Depository Services

Yes

Daily

Locking Bank Bags

Yes

Keys for bank night drop

Deposit Slips

Checks

Yes

150

Printed by City

500

Re-deposit of returned deposit

items at least once

Research/Statement Reproduction

Payroll Direct Deposit Services

Yes

As Needed

Yes

3 to 4 Payrolls a month

Transactions handled via phone

Cash in to be counted by teller at

Yes

time of deposit

Internet Banking Access

Yes

Overdraft Fees and Penalties

Yes

Positive Pay

Yes

Reconciliation

Controlled Disbursements

Stored Value (Payroll) Cards

Lockbox Services

Check to ACH Conversion

Interested

Note: Please add any additional services you deem necessary or have interest in under “Service" column

E-Deposit

Yes

3,000

Drive-thru lane for

Yes

150

Utility Bill Payments

ACH Block and/or filter

Interested

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 is the opportunity summary page. It provides an overview of this opportunity and a preview of the attached documentation.

Daily notification on new contract opportunities

With GovernmentContracts, you can:

Find more opportunities and win more business
Receive daily alerts for all new bid opportunities
Get contract opportunities matched to your business

ONE WEEK FREE TRIAL

Deposit for CITY OF MERIDIAN, MS

Attachment Preview

See also