Mississippi Procurement Portal #173-20260403110050 OSSD

Solicitation for District Banking Depository Services – Ocean Springs School District

The Ocean Springs School District is seeking a qualified financial institution to provide comprehensive depository banking services for district funds management. - Government Buyer: - Ocean Springs School District, Business Office, Chief Financial Officer - Services Requested: - Lead banking depository services for all district funds - Day-to-day banking transactions - Direct deposit payroll and vendor payments - Monthly statements with check images - No individual service charges for standard banking services - Options for fixed or variable interest rates - Security arrangements compliant with Mississippi Code and FIRREA - Execution of Collateral Security and Custodial Agreements as recommended by the State Auditor and Mississippi Bankers Association - Submission of most current Statement of Condition and State Depository Certificate - Eligibility Requirements: - Only banks with a physical location within the city limits of Ocean Springs, MS are eligible - Notable Requirements: - No service charges for standard banking services - Detailed monthly statements with check images required - Strict compliance with state security and reporting requirements - No specific OEMs or commercial vendors are named, as this is a solicitation for banking services; all eligible banks are potential bidders.

Description

The Ocean Springs School District is soliciting sealed and electronic bids for banking depository services. The contract period is from July 1, 2026, through June 30, 2029. The district seeks a financial institution to serve as the lead bank for day-to-day transactions and manage direct deposit payroll and vendor payments. Bids must be submitted by May 1, 2026, at 10:00 AM to the Ocean Springs School District Business Office. The solicitation includes specifications for bank statements, charges, and security requirements.

View original listing