Bay Area

City Council Moves to OK Establishment of Public Bank for Oakland, East Bay

Vice Mayor Rebecca Kaplan, a longtime supporter of strengthening funding for local small businesses and important public projects, successfully moved to approve the resolution along with the viability study. Kaplan had proposed the initial public bank study in the previous Oakland budget, and the regional multi-city collaboration that allowed the public bank effort to get to this stage.

Published

3 years ago

December 28, 2022

Oakland Post

As reported in their mission statement, the vision for the Public Bank East Bay is to: “invest public monies from participating governmental agencies to meet the needs of local communities."

From City Hall Reports

The City of Oakland took another step toward establishing the Public Bank of the East Bay.

The Oakland Finance and Management Committee voted to approve forwarding District 3 Councilmember Carroll Fife’s resolution to the City Council meeting on Dec. 20, 2022, with the intent for the City of Oakland, in collaboration with Alameda County, City of Berkeley and City of Richmond, and additional cities as interested, to establish the bank.

“I want to thank everyone who has been working for many years to bring a public bank to the East Bay – not just to the City of Oakland – a regional collaborative of multiple governments that by standing together, can strengthen our economic opportunity and our ability to affordably finance needed projects and ensure access to funding for local small businesses and underserved communities,” said Kaplan.

The need and support for a public bank comes from the failing business model of many corporate banks that handle the vast majority of public funds in the East Bay and around the country which have consistently prioritized profits and serving the well-connected over community needs.

The biggest example of the failure of corporate banks is the Great Recession of 2008 when many banks engaged in predatory foreclosures and destabilized. But the Bank of North Dakota, the nation’s oldest public bank, was able to withstand the chaotic market trend while growing their fund and continuing to provide small business and student loans as well as economic and workforce development funds.

As reported in their mission statement, the vision for the Public Bank East Bay is to: “invest public monies from participating governmental agencies to meet the needs of local communities.

“PBEB will seek to return a reasonable, but not excessive, profit to its stakeholders by making economically sustainable loans and providing a high level of service to its partners and stakeholders.

“It will adhere to the principles of the United Nations Declaration on the Rights of Indigenous People, and will prioritize environmentally regenerative, culturally equitable and participatory practices that reverse discrimination against members of economically and socially marginalized communities.”

The Council will consider the item on Dec. 20, 2022, City Council meeting.

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Seth Curry Makes Impressive Debut with the Golden State Warriors

Seth looked comfortable in his new uniform, seamlessly fitting into the Warriors’ offensive and defensive system. He finished the night with an impressive 14 points, becoming one of the team’s top scorers for the game. Seth’s points came in a variety of ways – floaters, spot-up three-pointers, mid-range jumpers, and a handful of aggressive drives that kept the Oklahoma City Thunder defense on its heels.

Published

4 days ago

December 4, 2025

Oakland Post

Seth Curry is a point guard on the GSW team.Photo courtesy of the Golden State Warriors.

By Y’Anad Burrell

Tuesday night was anything but ordinary for fans in San Francisco as Seth Curry made his highly anticipated debut as a new member of the Golden State Warriors. Seth didn’t disappoint, delivering a performance that not only showcased his scoring ability but also demonstrated his added value to the team.

At 35, the 12-year NBA veteran on Monday signed a contract to play with the Warriors for the rest of the season.

One of the most memorable moments of the evening came before Seth even scored his first points. As he checked into the game, the Chase Center erupted into applause, with fans rising to their feet to give the newest Warrior a standing ovation.

The crowd’s reaction was a testament not only to Seth’s reputation as a sharpshooter but also to the excitement he brings to the Warriors. It was clear that fans quickly embraced Seth as one of their own, eager to see what he could bring to the team’s championship aspirations.

Warriors’ superstar Steph Curry – Seth’s brother – did not play due to an injury. One could only imagine what it would be like if the Curry brothers were on the court together. Magic in the making.

Seth’s debut proved to be a turning point for the Warriors. Not only did he contribute on the scoreboard, but he also brought a sense of confidence and composure to the floor.

While their loss last night, OKC 124 – GSW 112, Seth’s impact was a game-changer and there’s more yet to come. Beyond statistics, it was clear that Seth’s presence elevated the team’s performance, giving the Warriors a new force as they look to make a deep playoff run.