Public Banks

Four years after America’s “bigger is better” banking model collapsed under its own weight, there are signs of a shift towards more local, accountable, and borrower-friendly banking across the country. In Maryland, a Lend Local bill under consideration would require the state to move more of its...
03/15/2012
Blog
Vermont can put deposits of state tax revenue to use in ways that tilt the economic playing field back toward Main Street businesses, our community banks, and long-term job growth. The proposed state bank study (S. 204, H. 542) will help Vermont design an institution—like the successful Bank of...
02/21/2012
Publication
Boston -- During the recession, large banks scaled back on lending and credit for the local businesses and farms that drive the state's job creation and economic growth dried up. In three years, Massachusetts lost 143,000 jobs. Now, a commission appointed by the Massachusetts legislature is...
08/12/2011
Press Release
Having lost more than 143,000 jobs since the financial industry set off the Great Recession in 2008, Massachusetts's economy and its middle class depend more than ever on the health of our small businesses. Yet the engine of a thriving small business economy — affordable credit — has stalled...
07/11/2011
Publication
Maine can put deposits of state tax revenue to use in ways that tilt the economic playing field back toward Main Street businesses, our community banks, and long-term job growth. A Maine Street Economic Development Bank—like the successful Bank of North Dakota—will generate new revenue for Maine,...
05/03/2011
Publication
How Main Street Partnership Banks Can Improve Local Economies
04/21/2011
Data Byte
Across the country, states are considering proposals to move general revenue deposits out of the Wall Street banks that dominate the banking business today, and use them to capitalize a new local public structure with a mission to grow the local economy. A “Main Street Partnership Bank” would be...
04/21/2011
Publication
Washington can put deposits of state tax revenue to use in ways that tilt the economic playing field back toward Main Street businesses and our community banks, local infrastructure investments and long-term job growth. A Washington Investment Trust—like the successful Bank of North Dakota—will...
04/14/2011
Publication
Summary Hawaii can put deposits of our state tax revenue to use in ways that create local jobs by tilting the economic playing field back toward our neighborhood businesses and state-chartered and community banks. A Hawaii Partnership Bank—like the successful Bank of North Dakota—will generate new...
04/05/2011
Publication
Read the full policy paper Would the Virtual State Bank compete with community banks? No. The Virtual State Bank would partner with community banks to help expand their lending markets. In fact, the VSB would be statutorily prohibited from retail operations. Why does Oregon need a Virtual State...
03/29/2011
Publication
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