SF Treasurer Announces Priorities Of Public Banking Task Force
Treasurer José Cisneros announced today the 16 members of the Municipal Bank Feasibility Task Force. The formation of the Task Force was recommended by the Board of Supervisors to identify and pursue opportunities to extend access to credit for small businesses, provide banking services to the cannabis industry, expand capital for affordable housing, and research the viability and advisability of a municipal bank. “San Francisco has always been a leader in socially responsible banking and investment. I am eager to work with the Task Force to identify new approaches to support our City’s bold vision for inclusive innovation,” said Treasurer José Cisneros. “My primary responsibility is to safeguard City funds, and I am confident that the Task Force will recommend solutions that also meet the stringent fiduciary and investment requirements set by state law.”