90-20260122090729 Olive Branch

The City of Olive Branch, Mississippi, located in DeSoto County, is seeking quotes from qualified banking institutions to serve as the Municipal Depository for Special and Surplus Funds. This procurement is a competitive quotes solicitation open to all state-designated depository banks. The primary objective is to select a financial institution capable of managing and safeguarding the City's special and surplus funds in accordance with municipal requirements and state regulations. Bidders must be officially designated as state depositories by the Mississippi state commission and must provide certification documentation of this designation prior to handling any City funds, as mandated by Mississippi Code Section 27-105-353. Qualified banks may submit their bids by mail, personal delivery, facsimile, or email to Tena Stewart, City Clerk, at City Hall, 9200 Pigeon Roost Road, Olive Branch, MS 38654, with a submission deadline of 5:00 P.M. Central Standard Time on Monday, February 23, 2026. The City reserves the right to reject any or all bids and will award the contract based on the proposal presenting the best overall terms and conditions as determined by municipal leadership. Following the submission deadline, a recommendation for acceptance will be presented to the Mayor and Board of Aldermen at a regularly scheduled municipal meeting for final approval and contract award.

The solicitation contains no specific set-aside designations or restrictions limiting participation to particular enterprise categories. No incumbent vendor information, existing contracts, or current infrastructure requirements are detailed in the notice. The procurement documentation does not specify a contract value, budget range, pricing structure, contract duration, or renewal options. Interested banking institutions should note that this opportunity is restricted to entities that meet the state depository designation requirement and comply with all applicable Mississippi state banking regulations and municipal finance laws.