A banking resolution is a document businesses create when they open a bank account. Upon the filing of such statement with the Department of State, the resolution shall become effective and shall operate as an amendment of the articles.A banking resolution is a formal declaration that states who's allowed to do what when it comes to a company's banking activities. RESOLUTION TO BORROW (VL-2):. This will give the parties the opportunity to structure their agreement in a way that protects their respective interests and streamlines resolution processes. PENNSYLVANIA, GENERALLY RELATING TO THE ISSUANCE OF TAX-.