ARCHIVED NEWS

Association Capital Bank Introduces E-Signature Technology to the Community Association Management Industry

Published on May 12, 2014

Association Capital Bank, a division of Texas Capital Bank, today announced an agreement with DocuSign, the leader in e-signature technology, to provide homeowners associations (HOAs) and management companies a fast and secure way to open and manage bank accounts.

DocuSign’s e-signature platform makes it easier for management companies and community associations to do business with Association Capital Bank. The newly offered e-signature technology allows clients to sign account opening documents, such as signature cards and resolutions, as well as treasury agreements on PCs, tablets and smart phones. In addition, Association Capital Bank’s unique offering streamlines the process when an HOA board has a change in authorized signers, by eliminating the need for unaffected board members to resign updated signature cards.

The new technology will help customers:

• Automate signature collection – DocuSign makes the execution banking agreements secure, fast, easy and convenient with anytime, anywhere signing.
• Reduce cost – DocuSign eliminates printing, faxing, scanning, overnighting, and reduces time spent chasing down signatures.
• Increase compliance and reduce risk – DocuSign offers a complete, legally binding audit trail.

This enhancement is the latest upgrade to the bank’s state-of-the-art software platform, which integrates seamlessly with existing accounting systems. 

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