Please Sign our Petition!

With local and state budgets strained by health and economic crises, we ask our legislators to help municipalities across Oregon harness proven tools to stretch our tax dollars and create economic stability in our communities. (Click arrows > for details)

We support the creation of public banks in Oregon!

Public banks operate according to their community-developed charter. By partnering with local community banks and credit unions, they can facilitate low interest loans that benefit the  community, including to local businesses, farmers, and homebuyers as well as to nonprofits and public agencies for affordable housing, economic development and public infrastructure. With a bank’s ability to make loans several times its capital, a public bank multiplies the funds available for public services and projects, and with lower interest rates it can cut the costs of infrastructure projects in half — helping local government accomplish more with less.

Currently, Oregon cities, towns and school districts lose over $700 million annually to Wells Fargo and US Bank’s wealthy out-of-state shareholders and executives every year, money that could be reinvested locally if cities in Oregon form public banks. A public project’s cost can double due to the fees and interest payments to these big banks. Municipal banks will finance public projects with lower fees and interest. Plus, a public bank’s net revenues can be reinvested in the community, instead of going towards corporate profits.

While a public bank is not a for-profit, commercial bank, it is still run by banking professionals, not by politicians. Its purpose is to support local community banks and credit unions in making loans at lower interest rates than out-of-state for-profit banks, and all the money stays in Oregon! Public banks would strengthen community banks and credit unions by helping them with their liquidity and participating in low-interest loans to students, farmers, home-buyers and local businesses, particularly historically under-banked BIPOC- and women-owned businesses. A public bank could also help fight climate change by facilitating sustainable infrastructure.

The public Bank of North Dakota is over 100 years old and pumps millions of dollars back into its state’s coffers. It has helped communities and business across their state weather numerous recessions. During the Great Depression, when other banks were foreclosing on families and farms, the Bank of North Dakota worked with farmers to help them keep them on their land, or in cases of foreclosure actually worked with farmers to sell their land back to them when the economy improved. That’s because public banks are chartered to serve the economic wellbeing of their communities, not shareholders.

Every part of the state can benefit from public banks because they will enable municipalities to borrow money and bond money without paying millions of dollars in interest and fees to for-profit banks. Cities could build much needed housing, and/or install fiber-optic cable into rural areas needing high-speed internet, etc. Rather than lining the pockets of Wall Street investors, the money made in a local public bank will be reinvested in the community with the communities’ interest in mind.

During this time of economic woe and budget shortfalls, public banks represent a tremendous opportunity to add a vibrant tool for economic stability and resilience to our banking system with community-focused, locally-controlled public banks that allow cities and counties to put all of our public dollars to work for the benefit of our communities. 

Please Support Public Banks and pass the Municipal Bank Bill!

We support public banks in Oregon

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We support public banks in Oregon

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202 shantel mackey Portland May 06, 2021
201 Marietta Bergstrom Adolphusburgh Apr 30, 2021
200 Stanton Witting Marquesmouth Apr 30, 2021
199 Vallie Gilham Tigard Apr 14, 2021
198 Jack Gray Noti Apr 01, 2021
197 Maynard Freemole Corvallis Mar 23, 2021
196 Leon Bell Portland Mar 19, 2021
195 Maynard Freemole Corvallis Mar 17, 2021
194 B. Greene Portland Mar 15, 2021
193 Bryce Henshaw Salem Mar 15, 2021
192 Jeff Kelsay Portland Mar 12, 2021
191 Brittney Reaume Oakland Mar 12, 2021
190 Gisela Ray PDX Mar 10, 2021
189 Ambrose Langworth Hermannchester Mar 06, 2021
188 Michael Edera Portland Mar 05, 2021
187 Margret Vu Portland Mar 04, 2021
186 Kim Finley Portland Mar 04, 2021
185 Audie McNeil Corvallis Mar 03, 2021
184 mel scott portland Mar 02, 2021
183 Zachary Michaud Portland Mar 01, 2021
182 ZhenZhen McMahon Portland Feb 28, 2021
181 Peter Clough Portland Feb 28, 2021
180 Stephen O'Brien Portland Feb 27, 2021
179 Dorothy Geller Tillamook Feb 27, 2021
178 robin mcleod Portland Feb 27, 2021
177 Tina Tau Portland Feb 27, 2021
176 Mary Guenther Portland Feb 27, 2021
175 Rich Rohde ASHLAND Feb 27, 2021
174 Steven Moore Alsea Feb 24, 2021
173 Felicity Quartermaine Portland Feb 24, 2021
172 Phillip Norman Lake Oswego Feb 22, 2021
171 Adrienne Leverette Portland Feb 22, 2021
170 John Linkhart Eugene Feb 22, 2021
169 Rachel Mulder Portland Feb 22, 2021
168 Michael S Goodman Portand Feb 22, 2021
167 Marcy Setniker Portland Feb 22, 2021
166 Norman Turrill Portland Feb 22, 2021
165 Lucy Hitchcock SALEM Feb 17, 2021
164 Devon Bodak-Gyovai Merlin Feb 15, 2021
163 Deborsh Shreve Gaston Feb 11, 2021
162 Natalie Walter Corvallis Feb 11, 2021
161 John Raymonda Florence Feb 10, 2021
160 Dalton Humann Portland Feb 09, 2021
159 Connie Page Roseburg Feb 09, 2021
158 maria sause Newport Feb 03, 2021
157 Joe Curran Portland Jan 27, 2021
156 Karen Deora Portland Jan 24, 2021
155 Katy Eymann Bandon Jan 21, 2021
154 Sandra Comstock Exec. Director Hygiene4All portland Jan 19, 2021
153 AMI FOX 97232 Jan 18, 2021