PUBLIC BANKING INSTITUTE NEWS: SEPT 9, 2023BREAKING: San Francisco given go ahead to start creating nation’s first municipal public bank On Tuesday, Sept. 5, San Francisco’s Board of Supervisors unanimously passed a resolution to accept the business and governance plans for both the Municipal Finance Corporation and the Public Bank. With… Continue reading
Noah Arroyo July 20, 2023 Updated: July 24, 2023 (SFChronicle.com) Could a century-old banking concept originally designed for North Dakota farmers help ease San Francisco’s perennial housing crisis and economic woes? A city working group thinks so, proposing what would be the nation’s first municipal public bank to help fund… Continue reading
City leaders are poised to accept a plan to create what could be the first municipally owned bank in the country. The San Francisco Public Bank would be tapped to finance construction of low-income housing, fund initiatives to combat climate change, and support small businesses. It would provide low-interest financing… Continue reading
City leaders are poised to accept a plan to create what could be the first municipally owned bank in the country. The San Francisco Public Bank would be tapped to finance construction of low-income housing, fund initiatives to combat climate change, and support small businesses. It would provide low-interest financing… Continue reading
San Francisco could soon launch its own bank. The San Francisco Reinvestment Working Group (RWG), an advisory committee tasked with exploring the creation of a municipality-owned bank, voted to advance the plan during a specialty meeting on Thursday. The RWG proposal would set up a publicly owned municipal financial corporation (MFC) that will invest… Continue reading
