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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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
152 Sean McClintock Portland Jan 12, 2021
151 Ann Wales Newport Jan 06, 2021
150 Barbara Davis Waldport Jan 06, 2021
149 Marilena Ridi Portland Dec 31, 2020
148 Dana Henderson Portland Dec 31, 2020
147 Joel Statz Portland Dec 31, 2020
146 Bill Kucha Depoe Bay Dec 31, 2020
145 Timothy McNutt Portland Dec 31, 2020
144 Elizabeth Clayton Portland Dec 31, 2020
143 Heather Kinlin Portland Dec 31, 2020
142 Christopher Tschirley Portland Dec 31, 2020
141 Gabriel Jenkins Corvallis Dec 30, 2020
140 Chris Henry Oregon City Dec 28, 2020
139 Lisa Millet Portland Dec 25, 2020
138 Ron Robinson Oakland Dec 24, 2020
137 Bertrand Guptill Albany Dec 24, 2020
136 Matthew Rock Redmond Dec 24, 2020
135 Janna Roselund Oakland Dec 23, 2020
134 Kacey Carpenter Lake Oswego Dec 23, 2020
133 Duane Mancill McMinnville Dec 20, 2020
132 Fiona Mancill McMinnville Dec 20, 2020
131 Siobhan O’Connor Oregon City Dec 19, 2020
130 L L Price Medford Dec 19, 2020