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Board member reports outreach to American National Bank; will update board

Lone Oak Economic Development Corporation Board of Directors · November 6, 2024
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Summary

Board member Chris Cadenhead reported contacting Shaun Franklin at American National Bank about bringing bank services to Lone Oak and said he will update the board if he hears back.

Board member Chris Cadenhead told the board that he has spoken with Shaun Franklin at American National Bank about banks coming to Lone Oak and said he will update the board if he hears back. The minutes record: "Talk with banks about coming to Lone Oak-Chris spoke with Shaun Franklin at American National Bank- will update if he hears back."

The entry appears under old business and no motion, commitment of funds, or timeline for action is recorded in the minutes. The board did not record any directive or next-step assignment in these minutes beyond the promise of an update if information is returned to the board.