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Oconee County conservation bank board approves switch of bank account to Oconee Federal
Summary
The board voted to move its account from Dogwood State Bank to Oconee Federal to avoid monthly fees and authorized the chair and treasurer as signatories. Members agreed to delay ordering checks and to use cashier's checks or transfers for large disbursements.
The Oconee County Conservation Bank Board voted on April 8 to move its operating account from Dogwood State Bank to Oconee Federal to avoid monthly account fees.
Treasurer AJ said recent review showed Dogwood’s $10 monthly service charge would remain even with a $1,000 minimum balance. AJ proposed moving to Oconee Federal, which along with Blue Ridge offered business checking accounts that required only $100 to open and did not impose monthly fees. AJ made the motion to switch to Oconee Federal; a board member seconded and the…
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