Petition Closed

To cease plans to build a new branch on 14th and Valencia in San Francisco

This petition had 117 supporters


This petition represents the residents of San Francisco who, in support of local and communal commerce, demand that plans to build a Chase Bank branch on 14th Street and Valencia cease immediately. While there are two Chase branches in the immediate vicinity (within several blocks), this plan to dominate banking in the area represents a larger dilemma in the Mission district and beyond. The branch’s planned location is 299 Valencia, a new loft residence currently under construction. The starting price of these lofts is $400,000. Lower-income residents will be further pushed out of the neighborhood by such housing units. Chase Bank funds foreclosure and purchases apartment buildings in San Francisco, evicting low-income, senior, and disabled tenants. Chase Bank pushes families out of the neighborhood, but also forecloses upon them nationwide for profit. By signing this petition against the opening of a new Chase branch on 14th and Valencia, you show your support of local San Francisco business against big business, big banks, and for-profit home foreclosure and eviction. San Francisco does not need another Chase branch, but rather more communal and locally owned and operated endeavors.

On Divisadero and Oak Street (401 Divisadero), "community members were denied their legal right to a community hearing (under SF’s formula retail law) to weigh in on whether a Chase branch was a 'necessary and desirable' addition to the neighborhood commercial district.... Two local businesses were evicted so that Chase could move in... [which is] an example of individual greed at the expense of community well-being. How much profit is enough profit for landlords? How much profit is enough profit for Chase Bank?"

Note: While the author of this petition disagrees with Chase Bank, believes that money is better invested in credit unions, and strongly urges you to disinvest, signing the petition is not inconsistent with keeping an account with Chase. The main thrust of this petition is the diversity of the neighborhood and city. To quote the Occupy 401 Divisadero page, "We need to develop a better way of approaching community-building," one that promotes a "good mix of retail, services, and community-benefit spaces that support all of our neighbors of varying incomes, ages, and cultures." Chase Bank is no different than a chain store, and retail property law in San Francisco should be changed to reflect that, allowing for community input.



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Julie Napolin needs your help with “CHASE BANK: To cease plans to build a new branch on 14th and Valencia in San Francisco”. Join Julie and 116 supporters today.