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EDC names bank signatories in Resolution 2025-001
Summary
The EDC updated bank signers by resolution to list Manny Longoria (president), Laura Divenport (vice president), Lynn Palmer (director) and Patricia McMullen (director) for Bandera Bank and TexStar Bank; the motion passed at the special meeting.
The Bandera EDC adopted Resolution 2025-001 to update its official bank signatories for Bandera Bank and TexStar Bank. The resolution lists President Manny Longoria, Vice President Laura Divenport, Director Lynn Palmer and Director Patricia McMullen as authorized signers.
A board member moved to approve Resolution 2025-001 and another member seconded; the motion passed without recorded opposition. Board members discussed removing prior signers and ensuring new signatories are added so bank access and signatory records match current officers.
Staff indicated they will complete any necessary paperwork with the banks after the board's approval.
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