1391-20251107082005 bsjc

Jones County, Mississippi, is seeking sealed bids for banking depositories to hold county funds, as mandated by Section 27-105-303 of the Mississippi Code. The procurement is for a two-year contract term from January 5, 2026, through December 31, 2027, with bids due on Wednesday, November 26, 2025, at 10:00 a.m. at the Laurel Courthouse. Qualified banks are invited to submit comprehensive proposals that include interest rates (fixed or variable), fee structures, service capabilities, online banking features, and cyber-crime protection measures. The county will evaluate bids based on multiple factors such as interest rates, fees, service offerings, protections, and bank locations. Bidders must mark their sealed envelopes with "BANKING" and include their name, address, and telephone number. All valid bidders are expected to be accepted as County Depositories, with fund placement determined by the county's discretion.

The procurement does not specify explicit set-aside designations or restrictions for specific enterprise types. Banks must provide documentation demonstrating their participation in the statewide collateral pool managed by the Mississippi Treasury Department and include certification if applicable. The Board reserves the right to invest excess operational funds in higher-earning financial instruments like certificates of deposit and money market accounts. While no specific budget range is detailed, the contract involves the management of county funds, which suggests significant financial scope. Interested banks can obtain additional information by contacting Brittany Welch at 601.428.3128 or bwelch@co.jones.ms.us. The notice was published in the Laurel Leader-Call on November 8 and November 15, 2025, ensuring broad communication of the bidding opportunity.