City of Tupelo - Bank Depository Services - 2026-002BA Bank Depository (2026)
City of TupeloCity · Tupelo, MS- Due
- Jan 9, 2026
- Deadline passed
- Posted
- Dec 16, 2025
- Primary contact
- Kim Hanna
- (662) 841-6513
The 30-second brief
The City of Tupelo, Mississippi seeks proposals from qualified financial institutions to serve as a designated depository for demand deposit accounts, investments, and savings for a 24, 36, or 48-month period beginning February 1, 2026. Proposals must include interest rates for short-term and long-term funds, service charges, and security/collateral provisions equal to 105% of the maximum sum on deposit. Submissions are due by 10:00 a.m. on January 9, 2026, and can be submitted sealed to the City Clerk at Post Office Box 1485, 71 East Troy, Tupelo, MS 38804, or electronically via www.tupelomsbids.com.
Net earnings of each account, account costs, costs of transfer of accounts from existing depositories, banking services provided, safety of funds
Hear what Tupelo plans next before it's posted.
Get alerts freeFree account · 30-second setup · No credit card
Summary
The City of Tupelo, Mississippi seeks proposals from qualified financial institutions to serve as a designated depository for demand deposit accounts, investments, and savings for a 24, 36, or 48-month period beginning February 1, 2026.
Proposals must include interest rates for short-term and long-term funds, service charges, and security/collateral provisions equal to 105% of the maximum sum on deposit. Submissions are due by 10:00 a.m. on January 9, 2026, and can be submitted sealed to the City Clerk at Post Office Box 1485, 71 East Troy, Tupelo, MS 38804, or electronically via www.tupelomsbids.com.
EVALUATION CRITERIA
5- Net earnings of each account
- Account costs
- Costs of transfer of accounts from existing depositories
- Banking services provided
- Safety of funds
REQUIRED ATTACHMENTS
Bid Form
- Submit to
- www.tupelomsbids.com
- Scope location
- Tupelo, MS
Questions about this BID
How do I respond to this Bid from City of Tupelo?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is January 9, 2026. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: www.tupelomsbids.com. For questions, contact Kim Hanna.
Can small businesses or minority-owned firms bid on this Bid?
Most government agencies, including City of Tupelo in MS, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the Bid submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Kim Hanna at (662) 841-6513. Questions and answers are typically shared with all prospective bidders.
Show 4 more questions
What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Net earnings of each account, account costs, costs of transfer of accounts from existing depositories, banking services provided, safety of funds" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from City of Tupelo?
All active and historical solicitations from City of Tupelo are tracked and searchable. As a city agency, City of Tupelo regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What documents are required to bid on this Bid?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Bid Form. Review the full document from City of Tupelo for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Tupelo, MS. Review the full solicitation for detailed scope requirements.