DEPOSITORY_BID_FORM2.pdf

PDF 238 KB Posted Apr 21, 2026

Attached to: 110-20260410100007 Hattiesburg
Solicitation number: 3170035539
Issued by: Greene County, Mississippi

About this file

Written by GovTribe AI · Apr 22, 2026

This is a School District Bid Proposal Form for depository banking services submitted to the Hattiesburg Public School District in Mississippi. The form solicits bids from financial institutions to serve as the official depository for the school district's funds for a one-year period beginning July 1 and ending June 30, with continuation thereafter until new arrangements are made according to law. The bidding financial institution must meet specific regulatory requirements, including FDIC insurance, maintaining a primary capital-to-assets ratio of at least 5.5 percent as of June 30, and maintaining physical offices and employees within Mississippi. The form requires bidders to demonstrate compliance with collateral security requirements by pledging eligible securities equal to at least 105 percent of the maximum deposit amount exclusive of FDIC-insured portions, or alternatively, membership in a public funds guaranty pool under Mississippi Code. Submission should be directed to the Hattiesburg Public School District Business Office, Attn: Jennifer Clanton, CFO, 301 Mamie Street, Hattiesburg, MS 39401.

The proposal form requires bidders to specify pricing terms for both fixed and variable interest rates on deposit accounts, with variable rates based on the prior month-end U.S. Target Federal Funds Rate plus or minus basis points. The school district's account data indicates an average monthly ledger balance of $43,887,320.69 with 12 DDA checking accounts and no savings accounts. Bidders must agree to provide numerous banking services including monthly statements within five business days, same-day ledger credit for deposits, wire transfer services, payroll direct deposit, internet banking access, and various other transaction and account management services, with most services to be provided at no charge or for minimal fees based on account activity. The depository must also agree to execute a Collateral Security Agreement compliant with FIRREA Section 1823(e), monitor monthly deposits to ensure adequate security coverage, provide annual reports to the district, and offer cash management and investment advisory services upon request.

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SCHOOL DISTRICT BID PROPOSAL FORM

TO SCHOOL BOARD OF

We submit the following bid proposal for serving as the deposit for School District for the period beginning July 1, and ending June 30, and thereafter until new arrangements shall be made according to law:

1. is insured by the Federal Deposit Insurance Corporation or any successors to such insurance corporation.

2. has met the primary capital to assets ratio of five and one-half percent (5 1/2%) or more as of June 30, , and has received certification of such from the State

Treasurer. Please attach commission in response.

3. has offices located in

, Mississippi. Please attach in response a list of all branches located in the county the school district is located. Include address of each branch.

4. has employees located in

, Mississippi.

5. agrees to place on deposit for the

School District as security with the State Treasurer 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.

6. agrees to execute a Collateral Security Agreement with the

District 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 District 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 July 1, .

7. agrees to monitor monthly deposits of the district in order to ensure adequate securities are pledged and to provide the district with an annual report listing accounts reported to the State Treasurer.

8. 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.

9. agrees to pay interest on the District’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 Fixed

DDA Checking Accounts % %

Money Market/Savings Accounts % %

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

10. agrees to provide earnings allowance on daily District 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 School District’s assets.

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

13. agrees to allow the district 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 district based on account data provided by the school district and data listed below:

Account Data

Average Monthly Ledger Balance

Number of DDA Checking Accounts

Number of Savings Accounts

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 District prior to 2:00 P.M. CST.

Financial Institution Name:

Completed By School District 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 Outgoing Wire Transfers Incoming Wire Transfers Night Depository Services Locking Bank Bags Keys for bank night drop Deposit Slips Checks Re-deposit of returned deposit items at least once Research/Statement Reproduction Payroll Direct Deposit Services Transactions handled via phone Cash in to be counted by teller at time of deposit Internet Banking Access

Overdraft Fees and Penalties Positive Pay Reconciliation

Controlled Disbursements Stored Value (Payroll) Cards Lockbox Services Check to ACH Conversion Balance and Transaction Services

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

Primary Contact Name:

Telephone Number:

Street Address:

City, State, Zip Code:

Email Address:

Type or Print Name:

Authorized Signature:

Title:

Date:

TO SCHOOL BOARD OF:

School Districtfor:

and ending June 30:

and thereafteruntilnew arrangementsshallbe:

is insuredby the FederalDepositInsuranceCorporationor:

has metthe primarycapital to assets ratio of five and one:

and has received certification of such from the State:

has:

offices locatedin:

Mississippi Please attachin response a listofallbranches locatedin the county the:

has_2:

employees locatedin:

Mississippi:

agrees to place on depositfor the:

School District as security with the State Treasurer any of the:

is apublic fundsguaranty pool member under sections271055 and 27105:

agrees to executea CollateralSecurityAgreement withthe:

undefined:

agrees to monitor monthlydepositsof the districtin orderto ensureadequatesecurities:

agrees to preparemonthlystatements beginningwiththefirst:

agrees to pay intereston the Districtsaccountsbased on afixedrate or variable:

basispoints CurrentUS TargetFederalFunds Rateis:

undefined_2:

undefined_3:

undefined_4:

undefined_5:

agrees to provide earnings allowance on daily District:

undefined_6:

agrees to if requestedoffer advice on cash management:

agrees:

agrees to allow the district to establish or maintain:

agrees to provide theservices:

Average MonthlyLedger Balance: $43,887,320.69

Number ofDDA Checking Accounts: 12

NumberofSavings Accounts: 0

ServicesUtilized YesNoInterestedStop Payments:

MonthlyAverage VolumeStop Payments:

ProvidedatNo Charge Yes or NoStop Payments:

DirectFee or Service Charge Indicate Fee or ChargeStop Payments:

ServicesUtilized YesNoInterestedOutgoingWire Transfers:

MonthlyAverage VolumeOutgoingWire Transfers:

ProvidedatNo Charge Yes or NoOutgoingWire Transfers:

DirectFee or Service Charge Indicate Fee or ChargeOutgoingWire Transfers:

ServicesUtilized YesNoInterestedIncomingWire Transfers:

MonthlyAverage VolumeIncomingWire Transfers:

ProvidedatNo Charge Yes or NoIncomingWire Transfers:

DirectFee or Service Charge Indicate Fee or ChargeIncomingWire Transfers:

ServicesUtilized YesNoInterestedNightDepositoryServices:

MonthlyAverage VolumeNightDepositoryServices:

ProvidedatNo Charge Yes or NoNightDepositoryServices:

DirectFee or Service Charge Indicate Fee or ChargeNightDepositoryServices:

ServicesUtilized YesNoInterestedLocking Bank Bags:

MonthlyAverage VolumeLocking Bank Bags:

ProvidedatNo Charge Yes or NoLocking Bank Bags:

DirectFee or Service Charge Indicate Fee or ChargeLocking Bank Bags:

ServicesUtilized YesNoInterestedKeys for banknightdrop:

MonthlyAverage VolumeKeys for banknightdrop:

ProvidedatNo Charge Yes or NoKeys for banknightdrop:

DirectFee or Service Charge Indicate Fee or ChargeKeys for banknightdrop:

ServicesUtilized YesNoInterestedDepositSlips:

MonthlyAverage VolumeDepositSlips:

ProvidedatNo Charge Yes or NoDepositSlips:

DirectFee or Service Charge Indicate Fee or ChargeDepositSlips:

ServicesUtilized YesNoInterestedChecks:

MonthlyAverage VolumeChecks:

ProvidedatNo Charge Yes or NoChecks:

DirectFee or Service Charge Indicate Fee or ChargeChecks:

ServicesUtilized YesNoInterestedRedepositof returned deposit items at least once:

MonthlyAverage VolumeRedepositof returned deposit items at least once:

ProvidedatNo Charge Yes or NoRedepositof returned deposit items at least once:

DirectFee or Service Charge Indicate Fee or ChargeRedepositof returned deposit items at least once:

ServicesUtilized YesNoInterestedResearchStatementReproduction:

MonthlyAverage VolumeResearchStatementReproduction:

ProvidedatNo Charge Yes or NoResearchStatementReproduction:

DirectFee or Service Charge Indicate Fee or ChargeResearchStatementReproduction:

ServicesUtilized YesNoInterestedPayrollDirectDepositServices:

MonthlyAverage VolumePayrollDirectDepositServices:

ProvidedatNo Charge Yes or NoPayrollDirectDepositServices:

DirectFee or Service Charge Indicate Fee or ChargePayrollDirectDepositServices:

ServicesUtilized YesNoInterestedTransactions handled via phone:

MonthlyAverage VolumeTransactions handled via phone:

ProvidedatNo Charge Yes or NoTransactions handled via phone:

DirectFee or Service Charge Indicate Fee or ChargeTransactions handled via phone:

ServicesUtilized YesNoInterestedCashin to be countedbyteller at time of deposit:

MonthlyAverage VolumeCashin to be countedbyteller at time of deposit:

ProvidedatNo Charge Yes or NoCashin to be countedbyteller at time of deposit:

DirectFee or Service Charge Indicate Fee or ChargeCashin to be countedbyteller at time of deposit:

ServicesUtilized YesNoInterestedInternet BankingAccess:

MonthlyAverage VolumeInternet BankingAccess:

ProvidedatNo Charge Yes or NoInternet BankingAccess:

DirectFee or Service Charge Indicate Fee or ChargeInternet BankingAccess:

ServicesUtilized YesNoInterestedOverdraftFees andPenalties:

MonthlyAverage VolumeOverdraftFees andPenalties:

ProvidedatNo Charge Yes or NoOverdraftFees andPenalties:

DirectFee or Service Charge Indicate Fee or ChargeOverdraftFees andPenalties:

ServicesUtilized YesNoInterestedPositive Pay:

MonthlyAverage VolumePositive Pay:

ProvidedatNo Charge Yes or NoPositive Pay:

DirectFee or Service Charge Indicate Fee or ChargePositive Pay:

ServicesUtilized YesNoInterestedReconciliation:

MonthlyAverage VolumeReconciliation:

ProvidedatNo Charge Yes or NoReconciliation:

DirectFee or Service Charge Indicate Fee or ChargeReconciliation:

ServicesUtilized YesNoInterestedControlledDisbursements:

MonthlyAverage VolumeControlledDisbursements:

ProvidedatNo Charge Yes or NoControlledDisbursements:

DirectFee or Service Charge Indicate Fee or ChargeControlledDisbursements:

ServicesUtilized YesNoInterestedStored Value PayrollCards:

MonthlyAverage VolumeStored Value PayrollCards:

ProvidedatNo Charge Yes or NoStored Value PayrollCards:

DirectFee or Service Charge Indicate Fee or ChargeStored Value PayrollCards:

ServicesUtilized YesNoInterestedLockbox Services:

MonthlyAverage VolumeLockbox Services:

ProvidedatNo Charge Yes or NoLockbox Services:

DirectFee or Service Charge Indicate Fee or ChargeLockbox Services:

ServicesUtilized YesNoInterestedCheckto ACH Conversion:

MonthlyAverage VolumeCheckto ACH Conversion:

ProvidedatNo Charge Yes or NoCheckto ACH Conversion:

DirectFee or Service Charge Indicate Fee or ChargeCheckto ACH Conversion:

ServicesUtilized YesNoInterestedBalance andTransaction Services:

MonthlyAverage VolumeBalance andTransaction Services:

ProvidedatNo Charge Yes or NoBalance andTransaction Services:

DirectFee or Service Charge Indicate Fee or ChargeBalance andTransaction Services:

Note Please add any additional services you deemnecessary or haveinterest inunder Service columnRow1:

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Note Please add any additional services you deemnecessary or haveinterest inunder Service columnRow8_4:

Note Please add any additional services you deemnecessary or haveinterest inunder Service columnRow8_5:

14:

FinancialInstitution Name:

Primary ContactName:

Telephone Number:

StreetAddress:

CityStateZipCode:

EmailAddress:

Type or PrintName:

Title:

Date:

Text1:

File details come from the government source that posted it. Updated Apr 22, 2026.