Start Community Bank


In 2003, the clinic, representing the City of New Haven, opposed the demutualization of the 165 year-old New Haven Savings Bank. Citing the community’s interest and rights in a mutually-owned bank, the clinic filed objections to the bank’s conversion and merger plan with the Connecticut State Banking Commissioner, the FDIC and the Federal Reserve Bank of Boston. Simultaneously, New Haven citizens and depositors in the bank voiced opposition to the plan, with hundreds of people showing up at public hearings on the issue. Ultimately, the clinic represented the City in the negotiation of a settlement agreement with New Haven Savings Bank in January of 2004. New Haven Savings Bank agreed to contribute $25 million to a new foundation, which was later formed by the clinic, the First City Fund Corporation. Today, the First City Fund Corporation is the holding company for Start Community Bank, a community development bank certified by the United States Treasury and the Community Development Financial Institutions Fund.

The clinic continues to work with Start on a range of issues. The clinic works with Start to develop innovative financial products intended to promote access to banking services by low-income consumers. In addition, on Start’s behalf, the clinic seeks opportunities to continually bring new capital to the bank to allow it to pursue its mission of creating a better quality of life for the residents of New Haven.

Ways to Engage


Our Clinics

Yale Law School offers more than 30 clinics that provide students with hands on, practical experience in the law on a diverse range of subject matters.

Simulation

Yale Law School offers a suite of innovative simulation courses based on real-world case studies.

Centers and Workshops

Yale Law School enhances the intellectual life of its academic community by sponsoring a variety of centers, programs, and workshops, inspired by the interests of its faculty and students.

Now it is time to pivot and ask, where are your extraordinary gifts needed? How do you make this legal world that you are entering a better world? One where no one is shut out; one where the weak and vulnerable are not exploited; one that produces fair results based on the merits of the issues before it.”


Visiting Lecturer Stephen Bright

2012 Commencement Address