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Comment on S.F. has a plan for a public bank. One supervisor wants to act on it. by thompsonjt398
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Comments for Mission Local
Two years after San Francisco officially endorsed its intent to stand up a city-owned and -operated public bank, one supervisor is urging it to follow through.
After three years, that entity would become a full-service, FDIC-approved chartered public bank.
A poll released Oct. 6 showed that 70 percent of participating San Francisco voters were in favor of having a green bank, and 67 percent favored a public bank.
The poll was commissioned by the San Francisco Public Bank Coalition, a group co-founded by Fielder, a longtime public-bank advocate, back in 2017.
“It feels really exciting with this new board to have another opportunity to reify this commitment,” said Misha Steier, a lead organizer for the San Francisco Public Bank Coalition.