Sponsored by Oregon Business

Portland considers putting more money in local banks

| Print |  Email
Must Reads
Monday, February 06, 2012

The Portland City Council is considering investing part of the city's tax dollars in local credit unions and banks.

On Friday, Mayor Sam Adams released the draft of a three-page ordinance that would give the city some flexibility in investing its money in local credit unions and community banks. The city already deposits some of its money in local banks, but is prohibited by its rules, and some state regulations, from putting large amounts of money in credit unions.
Adams said the city has “a substantial amount of money invested in banks (about $37.4 million) and strives to maintain an investment portfolio that preserves the city’s principal while serving the liquidity needs of the City and also generating a fair return.”

Read more at The Portland Tribune.

{biztweet}portland local bank{/biztweet}

 

 

More Articles

The week journalism died

Linda Baker
Sunday, February 15, 2015
deadjournalismthumbBY LINDA BAKER | OB EDITOR

As the investigation against the governor moves forward, those of us in the news business should reflect on our own potential for subverting the democratic process.


Read more...

Announcing the date of the 100 Best Green Workplaces in Oregon event

News
Friday, March 20, 2015
OBM-100-best-Green-logo-2015-250pxwBY OB STAFF

Join us to celebrate and network with Oregon’s best green workplaces!


Read more...

Where do Portland demographics rank among the largest 50 cities in the US?

The Latest
Tuesday, February 10, 2015
thumbpdxinperspectiveBY JACOB PALMER | OB DIGITAL NEWS EDITOR

The Portland in Perspective study, done by the City Budget Office, was released Tuesday.


Read more...

Letting Go

April 2015
Friday, March 27, 2015
BY AMY MILSHTEIN

As baby boomers sell their businesses, too many forget the all-important succession plan.


Read more...

All Rise

March 2015
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR

Don’t just sit there. For a healthy workplace, move up and down — and all around.


Read more...

Bike Chic: 7 stylish options for cyclists

April 2015
Thursday, March 26, 2015

Cycling to work is all the rage. But not everyone wants to arrive at the office messy, sweaty — and unfashionable.


Read more...

Thy neighbor's house

March 2015
Friday, February 20, 2015
BY LINDA BAKER | OB EDITOR

Vacasa may lack the name recognition of Airbnb. But not for long.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS