This is not a new idea.. This is a very old idea. This is a good idea, updated for today’s world and learning from yesterday’s mistakes.
Our mission is to help create a network of technology rich, multi-channel banks to serve the every day financial needs of small and medium sized companies, ordinary people and local community groups. To help redress regional inequalities, make financial inclusion the norm, build and store community wealth, significantly increase the proportion of bank lending going to the ‘real’ economy and SMEs instead of the financial economy, build regional economic resilience and bring about a renaissance of customer service, relationship banking and mutual trust.
Regional anchor institutions, held in trust for the benefit of the current members and those that come after them.
This is a good idea.
What we had, lost and now want to rebuild
If you'd like a different sort of Bank, one that's owned by its customer, where all are welcome, which turns local saving into local loans and only does business it understands with people it knows, please let us know.
To make setting up a Local Bank simpler & lower cost we've got everything ready.