Innovators in Rural Community Economic Development

Enhancing the Local Impact of Community Banks

Tags: Community Economic Development, Research, Value Chains, Wealth Creation

Client Name: Ford Foundation, Presidio Bank

Location: California

Resource Type: Report

Author Org: MIT Department of Urban Studies and Planning

Author: Jason Spicer

Year: 2013

The Wealth Creation Clinic partnered with Presidio Bank, a progressive regional bank in San Francisco, to examine a key question for community banking: In a competitive environment, how can small banks be a more positive force for local community development, wealth creation and wealth retention? The author examined and documented a range of model activities at Presidio that other banks might emulate, while also offering recommendations for Presidio, other lenders, regulators, and banking associations for maximizing the community development contributions of small banks while maintaining a strong business focus.

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