Banking Locally Not Easy for Oregon’s Local Governments

The Oregonian: Banking locally not easy for Oregon’s local governments

The financial crisis and Occupy Wall Street movement have raised questions about where people do their banking, prompting some to move their accounts to locally based banks and credit unions rather than big national or international conglomerates.

Increasingly, those questions also are being posed to governments. But the way local governments handle their finances is more complicated than the way individuals do, making any wholesale shifts from large banks difficult and time consuming.