Macalester College Administration: Move Macalester's money out of Wells Fargo and into a responsible bank
  • Petitioned Brian Rosenberg

This petition was delivered to:

President
Brian Rosenberg
Vice President for Administration and Finance
David Wheaton

Macalester College Administration: Move Macalester's money out of Wells Fargo and into a responsible bank

    1. Sarah Knispel
    2. Petition by

      Sarah Knispel

      Saint Paul, MN

“In the wake of a devastating economic downturn brought on and perpetuated by the greed and predatory lending practices of the nation's largest banks, there is a new trend sweeping the nation: local communities marshalling their economic power to push on these same banks to help them recover...” (piconetwork.org)

Wells Fargo is the bank responsible for the most foreclosures in the State of Minnesota. The ongoing foreclosure crisis has torn the Twin Cities apart, leaving some neighborhoods with foreclosure rates of over 50% while thousands of families have been displaced and left without a place to live. In order to live up to its core institutional values, Macalester cannot continue to bank with Wells Fargo.

By moving our money out of Wells Fargo and into an ethical banking institution, we will not only be sending a signal to Wells Fargo that we refuse to work with institutions that tear apart our community, we will also strengthen Macalester’s commitment to serving our community through our relationship with a bank that aligns with our values. We will determine which bank through a transparent, community run Request For Proposals (RFP) process.

Recent signatures

    News

    1. Reached 250 signatures

    Supporters

    Reasons for signing

    • Samantha Kolbe BROOKLINE, MA
      • over 1 year ago

      Between this and the discrimination suit brought by Professor Ping, I'm incredibly disappointed in my Alma Mater. I won't be donating any money until these issues are resolved.

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    • Robin Sedivy MN, AL
      • over 1 year ago

      alumni

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    • brendan pierce ST PAUL, MN
      • over 1 year ago

      !

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    • Cora Ellenson-Myers MINNEAPOLIS, MN
      • over 1 year ago

      I believe colleges and universities should take a stance against the fiscal irresponsibility demonstrated by the big banks and invest locally/responsibly.

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    • Ralph Wyman MINNEAPOLIS, MN
      • almost 2 years ago

      Bremer bank or any one of many community banks in Minnesota would be a much better partner for Macalester and all who live in our area.

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