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Neodesha adopts Resolution 25-19 updating city depositories and authorized signatories
Summary
Resolution No. 25-19 designates Bank of Commerce, Equity Bank of Neodesha, and Community National Bank as city depositories and lists account numbers and authorized signatories, with some accounts requiring two signatures; the Board approved the resolution on Sept. 24, 2025.
The Neodesha Board of Commissioners approved Resolution No. 25-19 on Sept. 24, 2025, formally designating the Bank of Commerce, Equity Bank of Neodesha, and Community National Bank as depositories for City funds. The resolution, introduced at the meeting, lists specific accounts and deposit types and specifies who may sign or countersign checks or requests for each account.
Among the specifics recorded in the resolution: the Bank of Commerce will be designated for multiple accounts including General Account 010111, Petty Cash Account 104361, Flexi-Vest Account 751278, Fire Insurance Proceeds Fund Account 753564, Employee Benefits Account 116912, Raw Water Project Bond Account 3001673, Emergency Equipment Reserve Fund Account 3006011, and Norman No Oil Well and Museum Account 3004025. The document names Mayor Devin Johnson; Vice Mayor Duane Banzet; Commissioner Eddy R. Truelove; City Treasurer/Utility Billing Supervisor Tanna Denney; City Administrator Brogan Jones; and countersignature by City Clerk Stephanie Fyfe for various accounts, and states that the Raw Water Project Bond Account 3001673 and Norman No Oil Well and Museum Account 3004025 require two signatures. Equity Bank and Community National Bank are designated for investing idle funds in time certificates of deposit and shall be signed by specified officials and countersigned by the City Clerk. The resolution takes effect upon adoption.
