Six months after Occupy Evanston activists began protesting the city’s investments in Chase Bank, aldermen approved a motion to solicit proposals for a possible banking transfer at Monday's city council meeting.
For the past 10 years, Evanston has used Chase and First Bank and Trust as its primary banks, and the city currently holds more than 30 checking and money market accounts between the two.
Members of Occupy Evanston met with city manager Wally Bobkiewicz within the last couple of weeks to discuss their request that the city divest its holdings in Chase Bank and other major banks. Among those requests are that the city choose a commercial bank, rather than an investment bank, and that the city find a bank that has a moratorium on foreclosures.
Should the city switch from Chase Bank to a local bank? If so, what should the city be looking for in a new bank? Vote in our poll and share your thoughts in the comments.