What is a Public Bank

Welcome!
We’re glad you’re interested in public banking and want to know more about it. If you’re new to the idea, please check out “Public banks: the basics” to learn what a public bank is and is not, how it operates, and a little about the history of public banking in the US. If you are already familiar with public banking and would like to know more about how municipalities and community banks could benefit from partnering with a public bank, you’ll want to take a look at the resources on this page. In addition to the fact sheets here, “Banking in Nine Words” takes a more philosophical/systemic approach to the vulnerabilities of our financial system. You’ll also find recommended books and links to allied organizations working on public banking in other states, and nationally.

Public bank advocacy has been a multi-year project here in the commonwealth. On this “history” page, you can find links to a bill authorizing a study committee on public banking, that commission’s report, and some critiques of the commission’s conclusions.

We hope you follow progress on our bill to create a public infrastructure bank. For information on this legislation and why we are focused on an infrastructure bank as opposed to an institution with a wider range of services, see this page.

We welcome your comments and questions. Please feel free to contact us!