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Pursuant to Mississippi Code Section 27-105-353 and all other related sections of the Mississippi Code, 1972 Annotated, as amended, notice is hereby given to all financial institutions in the City limits of Southaven, Mississippi (“City”), whose accounts are insured by Federal Deposit Insurance Corporation of the Federal Savings & Loan Insurance Corporation and which are certified by the Mississippi State Treasurer as meeting the capital ratio requirement specified in Mississippi Code Sections 27-105-5 or 27-105-6 that the City will be accepting sealed bids until the hour of 10:00 o clock a.m. local time on Wednesday, November 16th, 2022, for the privilege of being the municipal depository for all City funds for four (4) years. The period selected will begin on Monday, January 4th, 2023 and terminate January 3rd, 2027. Bids should be plainly marked on the front of the envelope “Bid City Depository” and may be delivered in person to the City Clerk’s Office located at 8710 Northwest Drive, Southaven, MS. Also, bids may be mailed to the City of Southaven, Attention City Clerk, Andrea Mullen, 8710 Northwest Drive, Southaven, MS 38671 and plainly marked on the front of the envelope “Bid City Depository.” Any bid sent through the US Mail is done so at the risk of the bank submitting said bid. In addition, official bid documents can be downloaded from Central Bidding at www.centralbidding.com. Electronic bids can also be submitted at www.centralbidding.com. For any questions relating to the electronic bidding process, please call Central Bidding at 225-810-4814. The City reserves the right to reject any and all bids and waive any and all informalities. The intent of the City is to select banking services that are able to provide all required services to serve as a City Depository. As part of the City’s review of the bids, the interest rate will be the primary factor considered, along with other financial benefits or services included in the bids. The City of Southaven will require the following for award of bid: 1. Bank Drafting for Utility Billing Purposes/ACH 2. Electronic Transferring of Funds 3. Interest Bearing Accounts 4. No Banking Service Fees 5. Bank Statements on CD-Rom disk and/or electronic transmission 6. On-line banking solutions, including, but not limited to wire payments, stop payments, deposits, etc. 7. Payroll drafting/ACH 8. E-Check capabilities 9. Personal Attention with Problems 10. Quick Resolution of Problems 11. Other services that your institution may provide City of Southaven, Mississippi BY: ________________________ Andrea Mullen, City Clerk Advertise Dates: October 27, 2022 November 3, 2022

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