Tags: Community Economic Development, Research, Value Chains, Wealth Creation
Client Name: Ford Foundation, Presidio Bank
Resource Type: Report
Author Org: MIT Department of Urban Studies and Planning
Author: Jason Spicer
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.