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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124 Bobby Hayden Portland Nov 15, 2020
123 Nancy Hedrick Portland Nov 10, 2020
122 Christopher McHenry Portland Nov 06, 2020
121 Sandra Meyer Portland Nov 06, 2020
120 Katherine Hill Portland Nov 06, 2020
119 Donna Khatib Portland Nov 05, 2020
118 Lynn Edwards Portland Nov 05, 2020
117 Gigi Szabo Portland Nov 01, 2020
116 Barbara Fields Portland Oct 31, 2020
115 Ethan Scarl` Portland Oct 31, 2020
114 Martin Morse Portland Oct 31, 2020
113 David Wilde Portland Oct 31, 2020
112 Ali Lee Eugene Oct 29, 2020
111 Ruth Caplan Boston Oct 29, 2020
110 Joan Horton Portland Oct 29, 2020
109 Andrea Drury Portland Oct 29, 2020
108 Judy Wilder Portland Oct 29, 2020
107 Susan Palmiter PORTLAND Oct 29, 2020
106 Sean Buchner Portland Oct 27, 2020
105 Matthew Jernstedt Portland Oct 27, 2020
104 Trycia Osinski Lake Jeannemouth Oct 26, 2020
103 Gaylord Lemke Muellerland Oct 26, 2020
102 Raven Hayes North Letaview Oct 26, 2020
101 Anne Nesse Gresham Oct 23, 2020
100 Darla Truitt Aloha Oct 21, 2020
99 Antonio Gisbert Corvallis Oct 19, 2020
98 suzia aufderheide ashland Oct 18, 2020
97 Vaughn Zeitzwolfe Portland Oct 18, 2020
96 Joshua Fox EUGENE Oct 17, 2020
95 William Buckley Eugene Oct 16, 2020
94 Chris Henry Oregon City Oct 16, 2020
93 David Delk Oct 16, 2020
92 John Andersen Beaverton Oct 15, 2020
91 Kyler Liu Portland Oct 15, 2020
90 Chris Redelfs Canby Oct 14, 2020
89 Gene Russell Albany or. Oct 08, 2020
88 Thomas Busse Portland, OR Oct 07, 2020
87 Virginia Moon Grants Pass Oct 07, 2020
86 Heidi Marks Roseburg Oct 07, 2020
85 Shirlee Geiger portland Oct 04, 2020
84 Sandy Polishuk Portland Oct 04, 2020
83 Cheryl Martin Selah Sep 26, 2020
82 Richard Yagle Portland Sep 26, 2020
81 Linda Richards Corvallis Sep 25, 2020
80 jude wait Vancouver Sep 25, 2020
79 John Stepanek Corvallis Sep 23, 2020
78 Robin Bloomgarden Eugene Sep 22, 2020
77 Michael Wade Portland Sep 22, 2020
76 Elnora Harcombe Albany Sep 21, 2020
75 Joan Dritz Corvallis Sep 20, 2020