230-20251203150325 Tallahatchie

Tallahatchie County, Mississippi is seeking sealed bids from financial institutions to serve as a county funds depository for the year 2025, in accordance with Section 27-105-305 of the Mississippi Code. This procurement opportunity allows financial institutions to submit proposals for either a one-year or two-year term as the county's primary financial repository. Sealed bids will be accepted until 10:00 a.m. on Monday, January 5, 2026, at the Office of the Chancery Clerk in Charleston, Mississippi, with bid opening occurring simultaneously at the same location. Each bidding financial institution must designate the type of legal security they will provide as collateral for county funds. The Board of Supervisors will evaluate submissions based on two primary criteria: the financial institution offering the best overall terms and the highest interest rate on deposited funds. Bidders must submit their proposals directly to the Clerk of the Board of Supervisors in either Charleston or Sumner, Mississippi before the specified deadline, with bid notices published on December 4th, 11th, and 18th, 2025.

The procurement appears to have no specific set-aside designations or restrictions limiting participation to disadvantaged enterprises or specific organizational types. While the notice does not specify an explicit budget range or award value, it suggests that the financial institution selected will manage county funds for either a one-year or two-year period. No incumbent vendor information is provided in the documentation, and there are no mentioned requirements for existing infrastructure or technology integration. The opportunity is open to any qualified financial institution capable of meeting the county's security and interest rate requirements. Potential bidders should carefully prepare their submissions to demonstrate their financial stability, proposed security measures, and competitive interest rate offerings to maximize their chances of being selected as the county's funds depository.