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  5. ›Municipal Depository Services for the City of Senatobia

Mississippi City of Senatobia·Mississippi

Municipal Depository Services for the City of Senatobia

Closes 1/14/2026$50k – $500kRequest for Proposal
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Description

The City of Senatobia, Mississippi, is seeking proposals from interested financial institutions for the opportunity to serve as the City's Municipal Depository. The selected financial institution will be responsible for providing various banking services, including checking and savings accounts, wire transfers, and investment strategies. The proposal should include information about the financial institution's experience, qualifications, and fees. The City is looking for a financial institution that can provide secure and efficient banking services, as well as advice on cash management and investment strategies. Some of the key services that the City is looking for include: • Monthly statements and account reconciliation • Wire transfer services • Investment strategies and advice • Checking and savings accounts • Debit and credit card services • Online banking and account management • Security and fraud protection The proposal should also include information about the financial institution's fees and charges, as well as any additional services that they can provide.

Attached files

Contact

Katie Harbin(City Clerk)

[email protected]

(662) 562-4474

Key dates

Opened
12/31/2025
Closes
1/14/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522110
Solicitation №
1524-20251219135432

Budget estimate

$50,000 – $500,000

The budget for this opportunity is likely to be a recurring annual fee, based on the services provided by the selected financial institution. The exact amount of the budget will depend on the specific services provided and the fees associated with those services. However, based on the information provided, it is estimated that the budget could be in the range of $50,000 to $500,000 per year, depending on the scope of services and the fees charged by the financial institution. The budget could be influenced by factors such as the number of accounts, the volume of transactions, and the level of investment activity.

AI estimate from the solicitation

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