American Banker: What’s driving the push for more Public Banks?

Bank of North Dakota

Bank of North Dakota

 

Laura Alix at American Banker just published a very good slideshow overview of the motivations behind the push for Public Banks. While it doesn’t dive into the bigger drive that Public Banking is a shift in how money and credit operates for the public good, it does discuss some of the important dynamics and community needs that bring people to the Public Bank solution:

Call it Bank of North Dakota envy.

“Whenever they are frustrated with the services provided by traditional banks — or lack thereof — public officials will float the idea of creating a government-owned bank that, similar to Bank of North Dakota, would accept deposits from local governments and school districts and then lend the money back into the communities it serves.”

[Read the full article]


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