How advocates are building support for a public bank in Washington State

From Washington State to California, public banking is full steam ahead in 2024! “In 2023, more than three-quarters of U.S. states have a group focused on public banking or a candidate with public banking as part of their platform…The Los Angeles City Council last year voted to fund a study on the feasibility of a public bank, and city supervisors in San Francisco approved a plan to start the process of establishing a municipal bank. This year, Philadelphia’s new mayor is expected to choose board members for the country’s first municipal public bank, which the city council voted to establish in 2022.”

Read the article in American Banker.