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Wallace trustees approve update to bank signature cards
Summary
The Wallace Village Board of Trustees voted unanimously May 13, 2025, to require two signatures on checking, savings and CDs and to add Chairperson Madisen Messersmith Clough as a signatory, following a motion from Trustee DoAnn McDonald and a second from Trustee Christina Daniels.
The Wallace Village Board of Trustees voted unanimously May 13, 2025, to update the village's bank signature cards to require two signatures on checking, savings and certificates of deposit and to add Chairperson Madisen Messersmith Clough as an authorized signatory. Trustee DoAnn McDonald made the motion and Trustee Christina Daniels seconded; the motion passed 5-0.
The action was recorded as a formal motion during the board's May 13 meeting in the village board room. Trustees present for the vote were Chairperson Madisen Messersmith Clough and Trustees Christina Daniels, John May, Brian Banks and DoAnn McDonald. The minutes do not record a stated rationale for the change beyond the motion language.
The update will alter which combinations of signatures are required for accessing checking, savings and CDs at the village's financial institution; the minutes do not list the bank by name nor specify an effective date beyond the motion. The board's next meeting is scheduled for June 11, 2025.
