Depository Service

Overview

Financial, Legal, HR & Staffing

Ocean Springs, Mississippi, United StatesPosted 15 days agoDeadline: May 1st, 2026

Fit Score

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SUMMARY

Three-year contract for depository services, including separate bank accounts, monthly statements, check imaging, and deposit corrections for a government authority in Ocean Springs, Mississippi.

KEY REQUIREMENTS

Must have locations within the city limits of Ocean Springs, Mississippi
Must be insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation
Must meet the primary capital to assets ratio of five and one-half percent or more as of June 30th, 2025
Must be a qualified public funds depository as approved by the Mississippi State Treasurer
Must agree to execute a Collateral Security Agreement and a Custodial Agreement
Must provide a current Statement of Condition and State Depository Certificate
Must provide separate bank statements for each account with front and back images of all checks
Must provide online statements by the 3rd working day of the month

CONTRACT DURATION

36 months

TIMELINE

Bid submission deadline: May 1st, 2026

Selection of depository: May 12th, 2026

Service period: July 1st, 2026 through June 30th, 2029

Issuing Agency

Ocean Springs School District

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DESCRIPTION

The government authority in Ocean Springs, Mississippi is seeking a vendor to provide depository services. The selected vendor will be responsible for managing bank accounts, ensuring that each account is maintained separately, and providing individual bank statements at the end of every month. Statements should reflect all account activity from the first to the last day of the month, and include the actual front and back images of all checks processed.

Interest must be paid on each account, and deposit corrections are required to be sent to the district within two working days. All inquiries, issues, or corrections must be directed to the district accountant. Vendors should indicate if any third-party providers are used for functions such as check imaging, internet banking, or digital statements.

The initial contract period for these services will be three years.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.