MUNICIPAL_DEPOSITORY_BID_FORM__2026-20302.pdf

PDF 193 KB Posted Dec 31, 2025

Attached to: 1524-20251219135432 Senatobia
Solicitation number: 3170034692
Issued by: Tunica County, Mississippi

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Written by GovTribe AI · Jan 1, 2026

This is a Municipal Depository Bid Proposal Form for the City of Senatobia, Mississippi, seeking qualified financial institutions to serve as the city's municipal depository for the period January 1, 2026, through December 31, 2030, with continuation thereafter until new arrangements are made. Bidders must meet specific regulatory requirements including Federal Deposit Insurance Corporation (FDIC) insurance coverage, a primary capital-to-assets ratio of at least 5.5% as of June 30 (with State Treasurer certification), and physical office locations within Mississippi. The bid form requires financial institutions to detail their service offerings across multiple account categories and functions, including 37 DDA checking accounts and 1 savings account with an average monthly ledger balance of $19,897,202.44. Services requested range from basic offerings such as stop payments, wire transfers, and deposit slips to specialized services including payroll direct deposit, internet banking access, and cash counting by teller. The institution must provide monthly account statements within five business days of the statement closing date and offer ledger credit on the same day as deposits occur for transactions prior to 2:00 P.M. CST.

The bidding institution must place securities on deposit as collateral in an amount equal to at least 105% of the maximum sum on deposit, exclusive of FDIC-insured portions, or alternatively, be a member of a public funds guaranty pool under Mississippi Code. Interest will be offered on a fixed or variable rate basis, with variable rates calculated as the prior month-end U.S. Target Federal Funds Rate plus or minus basis points (the specific basis points amount was not completed in the form). The institution must also provide earnings allowance credits on daily municipality account balances to offset bank service charges and execute a Collateral Security Agreement with the municipality in the form recommended by the State Treasurer. Most requested services are to be provided at no charge or with minimal fees to the city. The bid form includes a comprehensive service matrix requiring the financial institution to indicate which services will be utilized, the monthly average volume for each service, whether services are provided at no charge, and any applicable direct fees or service charges.

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File	Type	Posted
MUNICIPAL_DEPOSITORY_-_COLLATERAL_REQUIREMENTS_CERTIFICATION_26-303.pdf	PDF	Dec 31, 2025
1524-20251219135432 SENATOBIA.pdf	PDF	Dec 31, 2025

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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 period beginning January 1, and ending December 31, 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, , has received certification of such from the State Treasurer, and will attach commission in response. Please attach commission in response.

3. has offices located in

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

Include address of each branch.

4. 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 27-105-5, 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.

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 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 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 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

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

Financial Institution Name:

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 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

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:

undefined: City of Senatobia

municipalityfor: Senatobia

and ending December 31: 2026

and thereafteruntilnew arrangements: 2030

is insuredby the FederalDepositInsuranceCorporationor:

has met the primarycapital to assets ratio of five and one:

has received certification of such from theStateTreasurer:

has:

offices locatedin:

Mississippi Pleaseattachinresponsealistofallbrancheslocatedinthemunicipality:

has_2:

employees locatedin:

undefined_2:

Mississippi:

agrees to place on depositwith:

municipality as security any of the securities eligible for:

is apublic funds guaranty pool member under sections271055 and 27105:

agrees to executeaCollateralSecurityAgreement withthe:

undefined_3:

agrees to monitor monthlydepositsofthe municipalityin orderto ensureadequatesecurities:

agrees to preparemonthlystatements beginningwiththefirst:

agrees to pay intereston the Municipalitysaccounts based on a fixedrate or:

basis points CurrentUS TargetFederalFunds Rate is:

undefined_4:

undefined_5:

undefined_6:

undefined_7:

agrees to provide earnings allowance on daily Municipality:

undefined_8:

agrees to if requestedoffer advice on cash management:

agrees:

agrees to allow the Municipalityto establishor maintain:

agrees to provide theservices:

Average MonthlyLedger Balance: $19,897,202.44

Number ofDDA Checking Accounts: 37

NumberofSavings Accounts: 1

Services Utilized YesNoInterestedStop Payments: YES

MonthlyAverage VolumeStop Payments: 3

ProvidedatNo Charge Yes or NoStop Payments:

DirectFee or Service Charge Indicate Fee or ChargeStop Payments:

Services Utilized YesNoInterestedOutgoing Wire Transfers: YES

MonthlyAverage VolumeOutgoing Wire Transfers: 5

ProvidedatNo Charge Yes or NoOutgoing Wire Transfers:

DirectFee or Service Charge Indicate Fee or ChargeOutgoing Wire Transfers:

Services Utilized YesNoInterestedIncomingWire Transfers: YES

MonthlyAverage VolumeIncomingWire Transfers: 5

ProvidedatNo Charge Yes or NoIncomingWire Transfers:

DirectFee or Service Charge Indicate Fee or ChargeIncomingWire Transfers:

Services Utilized YesNoInterestedNightDepositoryServices: NO

MonthlyAverage VolumeNightDepositoryServices: 0

ProvidedatNo Charge Yes or NoNightDepositoryServices:

DirectFee or Service Charge Indicate Fee or ChargeNightDepositoryServices:

Services Utilized YesNoInterestedLocking Bank Bags: YES

MonthlyAverage VolumeLocking Bank Bags: 5

ProvidedatNo Charge Yes or NoLocking Bank Bags:

DirectFee or Service Charge Indicate Fee or ChargeLocking Bank Bags:

Services Utilized YesNoInterestedKeys for banknightdrop: NO

MonthlyAverage VolumeKeys for banknightdrop: 0

ProvidedatNo Charge Yes or NoKeys for banknightdrop:

DirectFee or Service Charge Indicate Fee or ChargeKeys for banknightdrop:

Services Utilized YesNoInterestedDepositSlips: YES

MonthlyAverage VolumeDepositSlips: 35

ProvidedatNo Charge Yes or NoDepositSlips:

DirectFee or Service Charge Indicate Fee or ChargeDepositSlips:

Services Utilized YesNoInterestedChecks: NO

MonthlyAverage VolumeChecks: 0

ProvidedatNo Charge Yes or NoChecks:

DirectFee or Service Charge Indicate Fee or ChargeChecks:

Services Utilized YesNoInterestedRedepositof returned deposit items at least once: NO

MonthlyAverage VolumeRedepositof returned deposit items at least once: 0

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:

Services Utilized YesNoInterestedResearchStatementReproduction: NO

MonthlyAverage VolumeResearchStatementReproduction: 0

ProvidedatNo Charge Yes or NoResearchStatementReproduction:

DirectFee or Service Charge Indicate Fee or ChargeResearchStatementReproduction:

Services Utilized YesNoInterestedPayrollDirectDepositServices: YES

MonthlyAverage VolumePayrollDirectDepositServices: 3

ProvidedatNo Charge Yes or NoPayrollDirectDepositServices:

DirectFee or Service Charge Indicate Fee or ChargePayrollDirectDepositServices:

Services Utilized YesNoInterestedTransactions handled via phone: YES

MonthlyAverage VolumeTransactions handled via phone: 1

ProvidedatNo Charge Yes or NoTransactions handled via phone:

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

Services Utilized YesNoInterestedCashin to be countedbyteller at time of deposit: YES

MonthlyAverage VolumeCashin to be countedbyteller at time of deposit: 20

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:

Services Utilized YesNoInterestedInternet BankingAccess: YES

MonthlyAverage VolumeInternet BankingAccess: 30

ProvidedatNo Charge Yes or NoInternet BankingAccess:

DirectFee or Service Charge Indicate Fee or ChargeInternet BankingAccess:

Services Utilized YesNoInterestedOverdraftFees andPenalties: YES

MonthlyAverage VolumeOverdraftFees andPenalties: 2

ProvidedatNo Charge Yes or NoOverdraftFees andPenalties:

DirectFee or Service Charge Indicate Fee or ChargeOverdraftFees andPenalties:

Services Utilized YesNoInterestedPositive Pay: NO

MonthlyAverage VolumePositive Pay: 0

ProvidedatNo Charge Yes or NoPositive Pay:

DirectFee or Service Charge Indicate Fee or ChargePositive Pay:

Services Utilized YesNoInterestedReconciliation: NO

MonthlyAverage VolumeReconciliation: 0

ProvidedatNo Charge Yes or NoReconciliation:

DirectFee or Service Charge Indicate Fee or ChargeReconciliation:

Services Utilized YesNoInterestedControlledDisbursements: NO

MonthlyAverage VolumeControlledDisbursements: 0

ProvidedatNo Charge Yes or NoControlledDisbursements:

DirectFee or Service Charge Indicate Fee or ChargeControlledDisbursements:

Services Utilized YesNoInterestedStored Value PayrollCards: NO

MonthlyAverage VolumeStored Value PayrollCards: 0

ProvidedatNo Charge Yes or NoStored Value PayrollCards:

DirectFee or Service Charge Indicate Fee or ChargeStored Value PayrollCards:

Services Utilized YesNoInterestedLockbox Services: NO

MonthlyAverage VolumeLockbox Services: 0

ProvidedatNo Charge Yes or NoLockbox Services:

DirectFee or Service Charge Indicate Fee or ChargeLockbox Services:

Services Utilized YesNoInterestedCheckto ACH Conversion: NO

MonthlyAverage VolumeCheckto ACH Conversion: 0

ProvidedatNo Charge Yes or NoCheckto ACH Conversion:

DirectFee or Service Charge Indicate Fee or ChargeCheckto ACH Conversion:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow1:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow1_2:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow1_3:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow1_4:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow1_5:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow2:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow2_2:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow2_3:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow2_4:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow2_5:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow3:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow3_2:

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Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow4_5:

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Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow5_2:

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Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow6_2:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow6_3:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow6_4:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow6_5:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow7:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow7_2:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow7_3:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow7_4:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow7_5:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow8:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow8_2:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow8_3:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow8_4:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow8_5:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow9:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow9_2:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow9_3:

Note Pleaseadd any additionalservices you deem necessary or have interestin under Service columnRow9_4:

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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 Jan 1, 2026.