Mississippi Procurement Portal #3170035381

Biloxi Public School District Solicits Depository Banking Services (2026-2029)

The Biloxi Public School District is seeking bids from qualified banks to provide depository banking services for district funds over a three-year period. - Government Buyer: - Biloxi Public School District, Business Office - OEMs and Vendors: - No specific OEMs or vendors are named; this is a financial services solicitation open to qualified banks with a physical location in Biloxi, Mississippi. - Products/Services Requested: - Sweep Account Banking Services - Manage district funds using a sweep account program - Provide firm net interest rates, online access, check imaging, payroll direct deposit - No separate charges for standard banking services (e.g., stop payments, deposit books, internet services) - Lead Bank Services - Serve as lead bank for day-to-day transactions - At least 50% share of district funds - Same service requirements as sweep account option - Depository Services Approval - Other banks may be approved as depositories to participate in certificate of deposit bids - Unique or Notable Requirements: - All bidding banks must have a physical branch within Biloxi city limits - Banks must provide collateral security and comply with Mississippi Code requirements - Submission of current Statement of Condition and State Depository Certificate is required - No separate charges for standard banking services - The district reserves the right to re-bid if market conditions change - Period of Performance: - Three-year contract term - Potential for re-bidding if market conditions warrant - Place of Performance: - Biloxi Public School District, 160 St. Peters Avenue, Biloxi, MS 39530 - All services must be performed within Biloxi, Mississippi

Description

The Biloxi Public School District in Biloxi, Mississippi, is soliciting sealed and electronic bids for the privilege of keeping the district's funds as a depository for a three-year period from July 1, 2026, through June 30, 2029. The solicitation includes two options: a sweep account program or a lead bank approach, with specific requirements for interest rates, services, and security. Banks must have a physical location within Biloxi city limits and provide necessary certifications and statements. The district reserves the right to reject bids and re-bid if market conditions change.

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