Only one other public bank exists in the nation, and it belongs to North Dakota. But if a group of Massachusetts lawmakers prevails, the Bay State will still have its own.

Over 800 days ago, Gov. Phil Murphy issued Executive Order 91 authorizing the creation of a public bank implementation board. At his press conference in Newark on Nov. 12, 2019, he said, “With ...

This story was originally published by Boyle Heights Beat on June 3, 2025. Three Los Angeles City councilmembers are pooling funds to move forward a long-discussed idea: creating a public bank to ...

The Los Angeles City Council moved forward on Tuesday, June 20, to fund consultant services needed to conduct policy and economic analysis for an initial study into the formation of a public bank.

With a $15,000 pledge, Jurado joins two fellow councilmembers in backing a study on whether L.A. can create a bank to serve its own residents.