Small Banks, Big Benefits (Episode 16)

Date: 13 Apr 2017 | posted in: Banking, Building Local Power | 0 Facebooktwitterredditmail

In this episode of the Building Local Power podcast, our guest is Justin Dahlheimer, president of a community bank in west-central Minnesota. Justin and our hosts discuss the benefits of community banking, and how banks lend differently when they have a vested stake in their community.… Read More

How One State Escaped Wall Street’s Rule and Created a Banking System That’s 83% Locally Owned

Date: 1 Sep 2015 | posted in: Banking | 0 Facebooktwitterredditmail

North Dakota has a different kind of banking sector than the rest of the country does, with six times as many locally owned financial institutions per person as the rest of the U.S., and local institutions controlling 83 percent of the market. What is North Dakota doing differently? A lot of the answer is the Bank of North Dakota.… Read More

Why Glass-Steagall Should Be a Key Issue During the 2016 Campaign

Date: 17 Jul 2015 | posted in: Banking | 0 Facebooktwitterredditmail

In a 2016 campaign season already dominated by candidates’ pursuit of Wall Street donations, how to regulate the banking sector remains one of the most pressing issues facing the country. The Glass-Steagall Act is becoming, and should remain, a key part of the debate.… Read More

One in Four Local Banks Has Vanished since 2008. Here’s What’s Causing the Decline and Why We Should Treat It as a National Crisis.

Date: 5 May 2015 | posted in: Banking, Retail | 0 Facebooktwitterredditmail

The precipitous decline in the number of community banks in recent years is a national crisis, and there’s a fierce debate underway right now about what’s to blame.… Read More

Federal Study Confirms “Too Big To Fail” Gives Megabanks a Hidden Funding Advantage

Date: 20 Aug 2014 | posted in: Banking | 0 Facebooktwitterredditmail

When the country’s giant banks were teetering on the verge of collapse during 2008’s financial crisis, the U.S. government stepped in to bail them out. The banks were, in a phrase that has since become infamous, “Too Big To Fail.” Would the government do it again? And does the expectation that it would step in give megabanks an unfair competitive advantage over local community banks? Those are the questions at the heart of an eagerly awaited report released at the end of July by the Government Accountability Office, a nonpartisan federal department. In a conclusion that highlights the need for more regulatory action to reduce concentration in the banking system, the G.A.O. found that the answers to both questions are “yes.”… Read More

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