Bank of North Dakota | Alliance for Local Economic Prosperity

North Dakota’s Bank Earned the State $231.8 Million Last Year. Here Is What the Same Bank Would Have Earned Yours.

by Social Media Manager | Oct 24, 2026 | AFLEP in New Mexico, Bank of North Dakota, New Mexico News, News, Public Bank, Public Banking

Gov. Josh Shapiro of Pennsylvania, Gov. Gretchen Whitmer of Michigan, Gov. Gavin Newsom of California and Gov. JB Pritzker of Illinois. A state bank would have earned their states $317 million, $318 million, $2.26 billion and $738 million in 2025, in that order....

What could your community do if your city or state owned its own bank?

by Social Media Manager | Apr 20, 2026 | AFLEP in New Mexico, AFLEP News, Bank of North Dakota, New Mexico News, News, Public Bank, Public Banking

In 2020, the nonprofit organization Action Center on Race & the Economy published a study showing that state and local governments pay $160 billion in annual interest on the money they borrow. Banks owned by cities, counties, regional authorities, or states—better...

Public Banking on Silver City Public Radio

Public Banking on Public Radio

by Social Media Manager | Dec 9, 2024 | AFLEP in New Mexico, AFLEP News, Bank of North Dakota, Economics, Events, Green Banks, New Mexico, New Mexico News, Public Bank, Public Banking, Radio

Monday, December 9, the work of AFLEP was the focus on Santa Fe’s public radio station 101.1 FM KSFR on The Forum with Jim Falk. Being interviewed were the following people. Peter Smith, AFLEP Board President Harold Dixon, Advisory Board member Rick Clayburgh...

Opening Public Banks in California – National Town Hall

by Michelle Mosser | Apr 8, 2022 | Bank of North Dakota, California, Public Banking, Videos National & PBI Videos

California Public Banking Alliance hosted a virtual Town Hall on March 30, 2022 – regarding the groundbreaking efforts to start public banks in California. Keynote speaker Eric Hardmeyer, retired CEO, discusses the mechanics of the successful Bank of North Dakota —...

Keynote: Eric Hardmeyer, retired CEO of Bank of North Dakota

by Michelle Mosser | Apr 8, 2022 | Bank of North Dakota, California, Public Bank, Videos National & PBI Videos

Keynote: Eric Hardmeyer, Bank of North Dakota California Public Banking Alliance’s March 30th Town Hall, The Nuts & Bolts of Opening Public Banks in California Eric Hardmeyer, recently retired after 21 years as CEO of the Bank of North Dakota detailed the...

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To Democratize Finance, We Must Take the Banks Away From the Bankers

By C.J. Polychroniou for Truthout | February 17, 2024 (Photo: LEONARDO MUNOZ / VIEWPRESS / GETTY IMAGES) Progressive economist Gerald Epstein explains how we can build a banking system that puts people over profit. Our current banking and financial system has...

Tlaib, AOC Revive Public Banking Act to Take on Wall Street

By Brett Wilkins for Common Dreams | December 13, 2023 Rep. Alexandria Ocasio-Cortez (D-N.Y.) speaks while Rep. Rashida Tlaib (D-Mich.) looks on (Photo: Zach Gibson/Getty Images) "Wall Street-run banks are failing to serve many of my residents who are struggling to...

Racial disparities in NY homeownership driven by higher interest rates, mortgage denials

By David Brand for Gothamist | November 1, 2023 (Photo by Jemal Countess/Getty Images) New York Attorney General Letitia James is calling on state lawmakers to tackle unfair credit and lending practices that fuel a staggering racial gap in homeownership and force New...

Retake Our Democracy Zoominar Panel on Public Bank Legislation

We had a great discussion panel with Retake our Democracy ahead of the 2023 Legislative session. October 26, 2022

Albuquerque local business consultant on how a State Public Bank can benefit our economy

AFLEP Leadership Team Member and Albuquerque”buy local” business advocate, Clifton Chadwick shares key economic reasons why he supports the creation of a State-Owned Public Bank. March 10, 2022

Episode: Everyone deserves a public bank

Join those who’ve endorsed a Public Bank for New Mexico

“I had the good fortune to work on this initiative before Bernie kidnapped all my time. This is one of those no-brainer initiatives that only the 1% could oppose. It has the potential to save the state millions of dollars by vastly reducing the cost of its bonds to improve infrastructure funding. in a public bank, our state funds can be used to build our local economy and our local infrastructure.”

– Paul Gibson
Retake Our Democracy