[identity profile] olszowka.livejournal.com posting in [community profile] davis_square
Hi,
I'd like to move my personal banking business from BoA to a local community bank which will support local business.  Can anyone provide recommendations?
Thanks. 

Date: 2010-03-06 04:34 pm (UTC)
From: [identity profile] ethanfield.livejournal.com
I'm also a very happy 7-year Wainwright customer. I especially like that Maria, who helped me open my account, is still there in the Davis Branch. I've opened and closed savings accounts, CDs, etc. all with her.

On the other hand, as this moveyourmoney movement has gotten going, I've been reminded that Wainwright is for-profit and publicly traded, which are both corporate-y... even if they use a lot of those profits for subsidizing community-related stuff. If I were doing this for the first time, I might try to learn more about credit unions.

Date: 2010-03-06 07:14 pm (UTC)
From: [personal profile] ron_newman
Somerville Local First tell me that Central, Century, and Wainwright banks are not eligible for membership in their organization because they are publicly traded. Middlesex Federal and Winter Hill Bank are eligible, but haven't (yet) joined. East Cambridge Savings Bank and Cambridge Portuguese Credit Union have joined SLF.

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