Banks We Deserve - Reclaiming Community Banking for a Just Economy

The number of community banks in the US has been steadily declining for decades, giving way to big banks that have little connection to the communities they claim to serve. In The Banks We Deserve, journalist Oscar Perry Abello argues that community banking has a crucial role to play in addressing urgent social challenges, from creating a more racially just economy to preparing for a changing climate.

Abello tells the stories of new community banks -- like Adelphi Bank, the first new Black bank in 20 years; or Walden Mutual Bank, the first mutual bank chartered specifically to finance a more sustainable food system. He hopes these stories inspire others to take some of these same daunting-but-not-impossible steps.

For a community or industry that is being ignored by big banks, the idea of starting up a new bank or credit union rarely figures as an option. In The Banks We Deserve, Abello shows advocates, organizers, and innovators that it can be done, that it is being done, and describes a path to support more community banks and credit unions.

About the author

Oscar Perry Abello is a journalist covering alternative economic models and policies across the United States. He is currently the senior economic justice correspondent for Next City, an independent, not-for-profit, online publication covering cities from the lens of social, racial, and environmental justice. His writing has also appeared in Yes! Magazine, City & State New York, Impact Alpha, Shelterforce, and other outlets.

Summary

Seasoned journalist Oscar Perry Abello highlights the crucial role community banking has in championing andrevitalizing communities, offering an accessible and inspiring path for new community banks.

Product details

• Authors: Oscar Perry Abello, Oscar Perry Abello
• Publisher: Island Press
• Languages: English
• Product format: Hardback
• Released: 01.02.2025
• EAN: 9781642833409
• ISBN: 978-1-64283-340-9
• No. of pages: 192
• Subjects: Social sciences, law, business > Business > Individual industrial sectors, branches; USA, BUSINESS & ECONOMICS / Banks & Banking, Banking, POLITICAL SCIENCE / American Government / Local, Social groups, United States of America, USA, Personnel & human resources management, Regional, state and other local government, Regional government, Diversity, equality and inclusion in the workplace, BUSINESS & ECONOMICS / Diversity & Inclusion