“Peoples Bank of Girard Building, W. Center Street, North Side of Square, Girard, Illinois (2 of 2)” by myoldpostcards is licensed under CC BY-NC-ND 2.0
A California State Public Bank
Traditional financial institutions are motivated first and foremost by profits. They extract wealth from the earth, workers, and communities without regard to how their decisions impact the well-being of BIPOC communities or the sustainability of these choices. CRC is working to build democratic and alternative banking models to generate capital to advance the economic well being of communities that have been excluded from profit first banking models.
This includes alternatives such as public banks, as a means to ensure that public dollars are used for the greater good and generate capital for historically marginalized communities. Investing public money back into communities will advance the economic well-being and development of communities that have historically not benefited from profit-first models.
Visit the California Public Banking Alliance website to learn more, (the CPBA is a coalition of public banking activists in California working to create socially and environmentally responsible city and regional public banks.)