Melody Finnemore
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Lawmakers consider state bank for Oregon

Lawmakers consider state bank for Oregon

Backers say plan will aid community banks, credit unions, and cannabis industryPosted: Mar 13, 2021 / 07:42 AM PSTUpdated: Mar 13, 2021 / 08:45 AM PSTPortland, Ore. () — Oregon Sen. Jeff Golden (D-Ashland) has proposed legislation this session that would reintroduce a state bank concept for Oregon.Senate Bill 339 would establish the Bank of the State of Oregon and provide more significant support for community banks and credit unions. If created, the state bank would be guided by an advisory board of directors in its management and operation, and would be subject to a mandatory audit by the...

March 13, 2021
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