7999-20240703082953 Gautier Fina

The City of Gautier, Mississippi is seeking sealed bids from financial institutions located within the city limits and surrounding areas whose accounts are insured by the Federal Deposit Insurance Corporation or the Federal Savings & Loan Insurance Corporation. The successful bidder will be awarded the privilege of keeping the City's funds for the period of September 2024 through September 2028. The bid proposal must include details on the security the bank proposes to give, guaranteed minimum interest rates, fees for services, and the bank's ability to provide various electronic banking services. Interested banks must also indicate their willingness to distribute funds on a daily basis, handle opening accounts with other banks, and provide the maximum and minimum balance the City can place on deposit. Additionally, bidders must provide a certificate from the State Treasurer designating the institution as qualified to serve as a public funds depository. The City reserves the right to reject any and all bids and intends to select a banking institution that can provide all required services to serve as the City's depository.

There are no set-aside designations or restrictions on the types of organizations that can respond to this opportunity. The City does not list any incumbent vendors or current contractors, nor does it mention any existing infrastructure or technology that requires integration. The value of the contract is not explicitly stated, but the City is seeking to select a banking institution to serve as its depository for a four-year period.