PBEB Publications

 
 

GOVERNANCE PROPOSAL

This is our recent draft of our community-centered plan for structuring the East Bay Public Bank, which will be subject to modification throughout the chartering process. It includes:

  • Composition and operation of the bank’s Board of Directors

  • Creating an Academy to provide training for potential directors and

  • Framework for loan policies unique to a public bank

The plan makes use of extensive research into existing comparable institutions, proposed frameworks for public banks, and community outreach and involvement.

 
 

Viability Study

In March 2022 the Friends of Public Bank East Bay released our viability study. This Viability Study demonstrates that the Public Bank East Bay (“PBEB”), a cooperative venture among the cities of Oakland, Berkeley, and Richmond and Alameda County, is a viable entity which can:

  • Achieve fiscal stability within the first three years

  • Provide loan support to underserved sectors of the local economy

  • Address local infrastructure needs

  • Reduce local government dependency on Wall Street banks

  • Decrease local fossil fuel and other harmful investments

  • Partner with local financial institutions to the economic and social benefit of all

  • Mitigate economic inequity in the region

  • Serve as a model for public banks around the state and the country

 
 

SURVEY OF BLACK-OWNED BUSINESSES

For the PBEB viability study, the Friends of Public Bank East Bay commissioned the Bay Area Organization of Black-Owned Businesses to design and administer a small survey on the borrowing needs of their members. This was extremely useful in building the viability study.

 
 

2023 Resource Booklet

The Friends of Public Bank East Bay is a founding member of the California Public Banking Alliance, a statewide organization promoting local public banking. The Alliance has just released a remarkably detailed and comprehensive look at all things public banking. Please read, and distribute widely!