News
Banking at home: Should Montana run its own bank?
February 8, 2013 /
Montana needs a state bank that can keep valuable capital at home rather than sending the money to Wall Street, according to some small-business owners and community organizers.
They want to start a Montana Partnership Bank modeled after neighboring North Dakota, the only state in the country with a state-owned bank, which prospered through the recent recession.
Today, the Bank of North Dakota, established in 1913, manages assets of nearly $5.4 billion and has earned a return of 22 percent over the past decade, according to Sheena Rice of the Montana Organizing Project http://montanaorganizingproject.org/ .
By Jan Falstad
MATR Supporters (view all)
Posted in: Montana Business
Sorry, we couldn't find any posts. Please try a different search.