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EDC updates bank signers; resolution adopted to add four officers
Summary
The Bandera EDC approved Resolution 2025-001 to update authorized bank signatories for Bandera Bank and TechStar accounts, listing four named officers.
The Bandera Economic Development Corporation voted to adopt Resolution 2025-001 to update authorized bank signatories for its accounts at Bandera Bank and TechStar. The resolution lists Manny Longoria as president, Lord Davenport as vice president, Lynn Palmer as director and Patricia Magnolia as director as the authorized signers. "I'd like to make a motion that we approve Resolution 2025-001, updating the bank signatures," said Board member (unnamed in transcript) before the board voted. Patricia Magnolia seconded the motion and the board approved it. Staff said updating the signers will allow the EDC to proceed with bank account changes and remove any people no longer authorized. The resolution will be used to provide the banks with current authorized signers and to streamline account administration.
