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California Opens Door For San Francisco Public Bank

PYMNTS

California Governor Gavin Newsom has signed legislation allowing for the establishment of public banks in the state, and advocates in San Francisco are jumping at the opportunity. These institutions would connect other public entities to financing, reports explained, so they can fuel various projects to support the local community.

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Community banks balance tech, human aid

BankInovation

SAN FRANCISCOCommunity banks are looking to technology to support human interactions rather than replacing them. When it comes to technology investment, community banks and credit unions “are not going to outdo JPMorgan [or] Bank of America,” Rilla Delorier, a board member at the $3.45

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Redefining what it means to be a ‘community’ bank

BankInovation

SAN FRANCISCO — Regional banks and credit unions should redefine what it means to be a “community” financial institution when considering new technologies to tap into underserved customer groups. “I love the idea of changing the way we think about community banks from, instead of the community that’s near us, is there a niche community of customers (..)

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Relocations And Remote Work Hit San Francisco’s Finances

PYMNTS

“As we respond to the urgent challenges of the COVID-19 pandemic and look forward to our economic recovery, we can’t lose sight of our long-term financial situation,” said San Francisco Mayor London Breed in a press release. Unlike many communities, San Francisco has not seen an increase in online sales tax.

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SPAC Targets Bank in Blockchain Push

Banking Exchange

San Francisco-based acquisition company in talks to buy a bank holding company Management Feature M&A Feature3 Blockchain Cryptocurrency Bitcoin Community Banking Mortgage Mortgage/CRE.

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Banks and CDFIs: Partnering for community impact

Abrigo

And to thrive, those customers need economically diverse and healthy communities in which to live and work. Partnering with local organizations to promote the health of those communities is often a top priority for banks. communities where capital tends to be scarce.

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Five Star Bancorp aims to capitalize on San Francisco market turmoil

American Banker

The Roseville, California institution is expanding into the Bay Area in hopes that it can land new clients and lenders in the wake of two large regional failures there this year.