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

3.

MUNICIPALITY BID PROPOSAL FORM

TO THE BOARD OF ALDERMAN AND MAYOR OF

We submit the following bid proposal for serving as the deposit for (municipality) for the peliod beginning January l, _ and ending December 31,- and thereafter until new arrangements shall be made according to law:

any successors to such insurance corporation.

is insured by the Federal Deposit lnsurance Corporation or has n.ret the primary capital to assets ratio of five and one-half percent (5 ll2o/o) or more as of June 30,- 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

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5.

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

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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

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average daily investable balance.

agrees to provide earnings allowance on daily Municipality account balances that offset bank service charges. The earnings credit rate (ECR) shall be _%o agrees to, if requested, offer advice on cash management and investment strategies necessary to properly utilize the Municipality's assets.

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

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:

Yo

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Average Monthly Ledger Balance 70,000,000.00

Account Data

Number of DDA Checking Accounts 20

Number of Savings Accounts

Completed By Municipality'

Account Services

Services Utilized?

(Yes/Noi Interested)

Monthly Average Volume

Stop Pavments Yes 3

Ot ttso ing Wire Transfe rs Yes 1

I nc o mi ns ll ire Tr ansfe r s Yes 1

N isht Depos ito ry Se rvices Yes 1

Locking Bank Bags Yes 20

Kevs for bank nisht dron Yes I

Deposit Slips Yes 80

Checlrs

Re-de pos i t of re tu r ne d de p os i t iterns at least once Yes 3 Researclt/State me nt Re product io n Yes 1

Pavroll Direct Deposit Services Yes 4,026

Transactions handled via phone lnterested

Cash in to be counted by teller at time of deposit Yes per $100/ $124,910.00

[nternet Bankins Access Yes

Overdraft Fees and Penalties

Positive Pay Yes 16

Reconciliation Yes 3 Accounts

Contro I led Di sburse me nts No

Stored Value (Payroll) Cards lnterested

Lockbox Services lnterested

Check to ACH Conversion lnterested

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

Online Tax Payment Services Yes 6

ACH outgoing/incoming Yes 391117

ZBA Accounts Yes 2 Accounts

ACH Filter Block Yes 4 Accounts

Online BAI Prev Day Yes 20

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:

Direct ['ee or Service Charge (lndicate Fee or

Primary Contact Name:

Telephone Number:

Street Address:

City, State, Zip Code:

Email Address:

Type or Print Name:

Authorized Signature:

Title:

Date: