First Nations Bank of Canada
|Headquarters||Saskatoon, Saskatchewan, Canada|
|Employees||(Full-time equivalent, 2009)|
|Website||First Nations Bank of Canada|
First Nations Bank of Canada (FNBC) (French: La Banque des Premières Nations du Canada) was established in 1996 after receiving Letters Patent from the Government of Canada. The bank headquarters are located in Saskatoon, Saskatchewan, Canada.
It began as a venture between TD Bank (now TD Canada Trust) and Saskatchewan Indian Equity Foundation in 1993-94. It began operating on September 23, 1997 with the opening of its first branch in Saskatoon SK. $2 million of start-up capital was provided by the Saskatchewan Indian Equity Foundation.
A branch in Chisasibi, Quebec opened in July 1998. A branch in Walpole Island, Ontario opeened in March 1999. FNBC was created to service First Nations businesses, individuals and to be the bank of choice for land claims money. First Nations Bank took full control of its operations from TD Canada Trust on November 1, 2009. As of September 10, 2012 First Nations Bank has moved away from TD Canada Trust and has become Canada's first independent Aboriginal bank.
FNBC offers services to Aboriginal and non-Aboriginal customers:
- Deposit accounts
- Micro Loans
- Cash Management
- Credit Products
- Other services through TD Waterhouse and TD Mutual Funds
- ABM access with TD Canada Trust 'Green Machines'
- Saskatoon, SK - executive offices
- Chisasibi, Quebec
- Iqaluit, Nunavut
- Meadow Lake, Saskatchewan
- Saskatoon Saskatchewan
- Wallaceburg, Ontario, (Walpole Island First Nation)
- Winnipeg, Manitoba
- Whitehorse, Yukon
Community Banking Centres:
FNBC is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. It is also a member of:
- VISA International
- Canada Mortgage and Housing Corporation
- Canada Deposit Insurance Corporation
- Canadian Payments Association
- Pound, Richard W. (2005). 'Fitzhenry and Whiteside Book of Canadian Facts and Dates'. Fitzhenry and Whiteside.
- "First Nations Bank to open in Baker Lake by February". CBC. 2013-11-14.
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