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Neighborhood National Bank asks FRMC to push San Diego Community Power to deposit reserves locally
5692677 · August 22, 2025
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Summary
Two speakers at public comment asked the finance committee to consider depositing agency reserves with Neighborhood National Bank, citing the bank's focus on low- and moderate-income lending and community impact.
Two public commenters urged the Finance & Risk Management Committee to direct San Diego Community Power to place local deposits with Neighborhood National Bank, arguing those deposits would support lending in low- and moderate-income communities in South County.
Mitch Johnson identified himself as a resident and said he serves on a…
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