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The justifications for this action are given in the following sections.



Speakers included Congresswoman Ayanna Pressley, our bill sponsors Sen.


Webster Bank






We understand that these great banks are hurting local economies everywhere, but that local action has the best prospect to provide immediate relief to our own local communities.



And it is doubtful that this is going to change at least as it relates to consumer services or small business lending.










Public Bank Connecticut


Public Banking for Social and Economic Justice A central goal of the Massachusetts Public Bank is to address the inequities that have left many communities, small businesses, small farms and other enterprises without access to affordable financing.



There are 4,000 banks in America—and, astonishingly, only 21 owned by African-Americans.



Public Bank's strategy is centered on growth in the retail banking business particularly on the retail consumers and small and medium enterprises.


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There is currently a movement to reinstate a Post Office Bank — to allow the growing number of unbanked Americans access to banking services.
On the same day, the Metro Mayors Assocation, representing mayors and town managers in the core metropolitan Boston area, reiterated their support for public bank legislation.
A public bank can help advance economic policies that promote sustainability and justice.

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