Eleven states are investigating creation of a state-owned bank on the North Dakota model

[Hannah Bell]

However, 11 states have decided enough is enough; they have introduced legislation for publicly owned banks or derivations, or for studies or task forces to determine how a publicly owned bank would operate in their jurisdiction. In one of the 11 states, Massachusetts, the commission is already in force.
Here are the states:

1. Illinois
2. Virginia
3. Hawaii
4. Louisiana
5. Oregon
6. Washington State
7. Massachusetts
8. Maryland
9. Arizona
10. Vermont
11. California

http://publicbankinginstitute.org/state-info.htm

[ejpoeta]

1. i'm sure the corporate legislators in the congress will find a way to ban that.

we can't have state banks competing with bank of america!!

[SoCalDem]

2. Glad to see CA on the list, although I am quite happy with my small community bank

:)

[eridani]

4. A state bank is NOT intended as a competitor to commercial banks

In ND, the state bank partners with community banks to make loans that the community banks would otherwise not be able to make. There are two criteria. The first is that the loan must make sense from a banking standpoint. The second is that it create jobs or support businesses in ND.

[Hannah Bell]

3. k