I admire MakerDAO for trying to facilitate the adoption of Real World Assets on-chain as this is a natural progression for the ecosystem. This does however introduce new forms of counterparty risks. Whether this particular proposal is a good thing or not I am not sure, as I've never heard of this bank.

>"The MakerDAO community is voting on whether to provide a DAI vault to Huntingdon Valley Bank, a 151-year-old lender in Pennsylvania with $500M in assets."