113-20260219125646 bsdc

The Board of Supervisors of DeSoto County, Mississippi is soliciting proposals from financial institutions to serve as the County depository pursuant to Section 27-105-305, Mississippi Code of 1972. This procurement seeks to establish a depository relationship for the management of all county funds and subdivisions thereof, as well as funds for the Tax Collector or any portion of said funds. Qualified financial institutions must submit sealed proposals by 10:00 a.m. on Tuesday, March 10, 2026, for a contract period beginning April 1, 2026, through April 30, 2028 (two calendar years), with an optional renewal for up to two additional years upon mutual agreement. All accounts must be insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Corporation as required by law, and proposers must designate the kind of securities authorized by law that they propose to provide as security for county funds. Specifications are available at the DeSoto County Office of Procurement located at 365 Losher Street, Suite 300, Hernando, Mississippi, during normal business hours, and online at desotocountyms.gov. Electronic proposals can be submitted through www.centralbidding.com, with technical support available at 225-810-4814, and the proposal file number is 26-121-001.

The procurement contains no disclosed set-asides or restrictions limiting participation by specific enterprise categories; however, all financial institutions located within DeSoto County are eligible to submit proposals. No incumbent vendor or current contractor information is provided in the solicitation documents. The Board of Supervisors reserves the right to amend specifications as necessary, reject any and all proposals, and waive any technicalities. All bidders who request proposal packets or review the bid online will be notified of any amendments to specifications. The specific award value or budget range for this depository contract has not been disclosed in the available solicitation materials, and the contract's financial scope will depend on the county's anticipated fund management requirements during the two-year initial contract period.