Depository Bid Proposal 2026-2029

The City of Jackson, Mississippi is seeking a qualified depository bank to manage municipal cash, deposits, and related banking services for the 2026‑2029 period (and potentially a 31‑year term thereafter). The selected bank must hold deposits in FDIC‑insured accounts, provide required collateral securities, and deliver a suite of cash‑management and reporting services at little or no cost to the city. • Accept and safeguard municipal deposits, maintain required capital ratios, and post securities equal to at least 105 % of non‑FDIC‑insured balances. • Produce monthly statements within five business days, provide same‑day credit for deposits (pre‑2 PM CST) and wire transfers, and support a wide range of optional services (lockbox, ACH, payroll cards, ZBA, Positive Pay, etc.). • Comply with Mississippi Code §§ 27‑105‑315, 27‑105‑305, 27‑105‑353 and FIRREA § 1823(e); submit original sealed bid plus two copies by Jan 6, 2026, marked “RFP #94629‑010626 DEPOSITORY BID”.