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  5. ›2026 Bid Tabulations

City of Jonesboro·Arkansas

2026 Bid Tabulations

Rolling / TBD close$500k – $5MRequest for Proposal
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Description

This posting is a compilation of bid tabulations for a series of banking‑depository‑service contracts. It lists participating banks (Centennial Bank, FNBC Bank, Southern Bank, First Community Bank, Farmers & Merchants Bank) and details the rates, fees, collateral, and service features each submitted. The tabulation covers fixed‑rate and variable‑rate deposit products, loan‑related services, remote deposit capture, corporate card programs, and other ancillary banking services. The document is primarily for internal review to compare offers and select a provider; it does not solicit new proposals. • Publication date: 18 Feb 2026; status: Open (until contracted). • Bid number: 2026‑00 (overall) with individual bid IDs such as 2026:19. • Service categories include fixed‑rate deposits (1‑year, 3‑year), variable‑rate deposits tied to Fed Funds, T‑Bill‑linked rates, and fee‑based services (checks, merchant services, corporate cards). • Collateral requirements and FDIC insurance details are listed per bidder. • Additional reporting requirements (Call Report, Annual Report, Audit Report, Capital Ratios) are noted. • No pre‑bid meeting, site visit, or question‑deadline is mentioned.

Attached files

Contact

P Cook, M Getson

Key dates

Opened
12/11/2025
Closes
Rolling / TBD

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522110
Solicitation №
2026-00

Budget estimate

$500,000 – $5,000,000

The tabulated bids involve interest‑rate spreads, service fees, and ancillary product revenues. Assuming the selected bank captures a modest share of a municipal or regional deposit base (e.g., $50 M‑$200 M) and earns an average net spread of 0.5%‑1.0% plus fee income, annual earnings could range from roughly $500 k to $5 M. The exact figure depends on the volume of deposits, the mix of fixed vs. variable products, and the uptake of ancillary services (checks, cards, merchant processing).

AI estimate from the solicitation

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