Taxpayers will benefit from both the profits the bank makes and the services the bank provides. Those services depend on the model the state or city chooses to follow, but possibilities include: Access to …

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The first key power of a chartered bank or credit union is its ability to accept deposits. A public bank can accept the deposits of the state or municipality where it is formed. Being a depository is central to the …

THE PEOPLE’S BANK: WHAT’S THE LA PUBLIC BANK? The Los Angeles Public Bank (Municipal Bank of Los Angeles or MBLA) is a proposed nonprofit, city-owned, tax-exempt financial institution …

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Introducing MyPB, the newly redesigned online banking platform for Public Bank. MyPB is now better than ever, with new features and a redesigned site that makes banking simple and more convenient.

Public banks only manage public funds, so their overhead is low: there are no branch offices, ATMs or private customer accounts. Public banks may partner with community banks and credit unions to …

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How Does a Public Bank Generate Non-tax Municipal Revenue? A public bank makes a sizeable profit through its partnership lending for economic development. Because public banks partner with …

Organized Community Groups for Public Banking / Candidate with Public Bank Platform Bill, Feasibility / Viability Study, Task Force, or Ballot Measure Introduced 2017-2023 Legislation Passed / Executive …