First Nations Bank of Canada

First Nations Bank of Canada

Type	Private
Industry	financial services
Founded	Saskatoon, Saskatchewan, 1996
Headquarters	Saskatoon, Saskatchewan, Canada
Total assets	CAD
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. 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 dollars of start-up capital was provided by the Saskatchewan Indian Equity Foundation.

First Nations Bank of Canada, Chisabi branch

A branch in Chisabi, 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.

As of November 1, 2009, the Bank has taken full control of its operations from TD Canada Trust and is now the only majority Aboriginal owned and controlled Bank in Canada. TD Canada Trust remains as a service provider and both banks have integrated systems, policies and procedures.

Services

FNBC offers services to Aboriginal and non-Aboriginal customers:

• Deposit accounts
• Investments
• Micro Loans
• Cash Management
• Credit Products
• Other services through TD Waterhouse and TD Mutual Funds
• ABM access with TD Canada Trust 'Green Machines'

Operations

Corporate Offices:

• Saskatoon, SK - executive offices

FNBC Branches:

• Chisasibi, Quebec
• Iqaluit, Nunavut
• Meadow Lake, Saskatchewan
• Saskatoon Saskatchewan
• Wallaceburg, Ontario, (Walpole Island First Nation)
• Winnipeg, Manitoba
• Whitehorse, Yukon

Community Banking Centres:

• Buffalo River, Saskatchewan
• Onion Lake, Saskatchewan
• Nemaska, Quebec

Membership

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:

• Interac
• VISA International
• Canada Mortgage and Housing Corporation
• Canada Deposit Insurance Corporation
• Canadian Payments Association

External links

• First Nations Bank of Canada