Authorize Vice Mayor to vote on hiring CEO for regional public bank project

Public Bank East BayAppointments

In Plain English

Richmond joined with Berkeley and Oakland to explore creating a regional public bank that would partner with local credit unions and community banks. The project needs a part-time CEO to write the business plan and apply for banking permits. If approved, Vice Mayor McLaughlin votes alongside Berkeley and Oakland representatives to select this CEO.

Auto-generated summary. Source: official agenda documents.