First Meeting of Directors

First Meeting of Directors
The first meeting of the board of directors of (insert name of bank or Federal savings
association), (city, state), a national banking association or Federal savings association, was
held at the office of the association at
on the
day of
,
, pursuant to written waiver of notice signed by all of the directors of the association,
a copy of which is attached.
Present:
,
,
,
, and
,
constituting all (or a majority) of the board of directors. Absent: (list each name).
(Insert name) was chosen temporary chairperson of the meeting and (insert name) was
appointed temporary secretary of the meeting and kept the minutes.
The temporary secretary presented a waiver of notice of the meeting signed by all the
directors of the association.
The temporary chairperson announced that the first order of business was the election of
officers. Nominations having been made, the following persons were elected as officers of
the association to serve at the pleasure of the board of directors:
Chairperson of the Board
President
Vice President
Senior Lending Officer
Secretary
Cashier or Chief Financial Officer
Compliance Officer
Security Officer
Technology Officer
The chairperson announced the ratification of the Bylaws to be in order and then presented
a copy of the Bylaws as previously adopted by the organizing board and moved that they
be ratified, which motion was seconded and carried.
The chairperson stated that officers of the
Bank at
, had been
consulted relative to using the bank as the depository of the funds of the association.
Discussion followed and it was agreed that the
Bank of
be named as
the association’s depository and that
and
be authorized to sign checks,
drafts, and other similar instruments. It further provided that any
of the
named officers’ signatures would be necessary to validate a check, draft, or similar
instrument.
presented a form of resolution requested by
Bank
to authorize the account and the resolution was unanimously adopted. The form of the
resolution is as follows:
(Insert printed resolution)
The chairperson announced that the next order of business was the appointment of
standing committees pursuant to the Bylaws.

Motion having been made, seconded and carried, the following persons were appointed as
the loan committee to carry out the functions described in the Bylaws:
Motion having been made, seconded and carried, the following persons were appointed as
the investment committee to carry out the functions described in the Bylaws:

Motion having been made, seconded and carried, the following persons were appointed as
the examining committee to carry out the functions described in the Bylaws:

[Following the same procedure, appoint people to serve on all other committees set forth
in the Bylaws.]
There being no further business to come before the meeting the same was, by motion duly
made and seconded, adjourned.

______________________________
Secretary

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