People for Public Banking Central Coast
People for Public Banking Central Coast (PPBCC) is a group of local citizens leading an effort to establish a regional public bank for the California Central Coast. Because no city or county on the central coast is large enough to easily establish its own public bank, a regional public bank will best suit this conglomeration. Potential participating areas include Santa Cruz, Monterey, San Benito, San Luis Obispo and Santa Barbara. The regional public bank would serve cities, counties and special districts (such as water districts), but would not be a retail bank for individual customers. PPBCC is a chapter of the California Public Banking Alliance.
PPBCC was started by a group of Women’s International League for Peace and Freedom (WILPF) members. We are strongly supportive of Black Lives Matter and other movements for racial, social and environmental justice. One of the primary motivations for the establishment of a public bank is to address social inequities in our communities; public banks keep local funds in our communities, rather than letting our dollars get siphoned out to corporate Wall Street banks.