Authorize Public Bank East Bay to apply for state regulatory approval
In Plain English
Richmond has been working since 2017 to create a public bank serving East Bay cities. The city already committed $750,000 as its founding capital contribution. If approved, the bank provides small business loans and funds affordable housing and climate projects in the community.
Auto-generated summary. Source: official agenda documents.
Votes
Adopt Resolution No. 45-24 authorizing Public Bank East Bay to apply for regulatory approval
7 to 0
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