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Democratic Gov. Phil Murphy, seated, signs an executive order creating a board to look into setting up a state-run bank, alongside labor and other supporters, Wednesday, Nov. 13, 2019 in Newark, N.J. New Jersey would be the second state after North Dakota with a state-run bank if Murphy's campaign promises comes to pass. (AP Photo/Michael Catalini)

Democratic Gov. Phil Murphy, seated, signs an executive order creating a board to look into setting up a state-run bank, alongside labor and other supporters, Wednesday, Nov. 13, 2019 in Newark, N.J. New Jersey would be the second state after North Dakota with a state-run bank if Murphy's campaign promises comes to pass. (AP Photo/Michael Catalini)

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