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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 motion carried.
The board discussed practical details: Miss Brock (county administration) had been consulted and had no objection; the bank account will normally require two authorized signers for disbursements. By agreement the board named Emily Jones as chair and AJ as authorized signatories on the account. The board also decided to delay ordering a new check stock; members noted that large funding disbursements are commonly made by cashier’s check or wire and that cashier’s checks are preferable for closings. The treasurer said staff will coordinate the transfer and complete signature paperwork with the bank.
Why it matters: the change reduces operating costs for the local conservation bank and preserves more funds for grant and conservation activity.
Details
- Reason: avoid recurring monthly service charge at Dogwood State Bank even with a $1,000 balance.
- Account options: Oconee Federal and Blue Ridge offered business checking that requires $100 to open with no monthly fee, per the treasurer’s review.
- Signatures: the board approved two authorized signers (Emily Jones as chair and AJ as treasurer); the board agreed the county treasurer/staff and the bank can accept e‑signed forms to set signer authorities.
- Checks and disbursements: the board will not order new check stock immediately; attorney/closing disbursements will use cashier’s checks or wires as appropriate.
Outcome and next steps
The board passed the motion to change banks on a voice vote. The treasurer will coordinate the transfer, obtain any required signatures and report back to the board when the account is open.
