FNBC at a Glance
The founders of First Nations Bank of Canada had a vision to develop a federally-chartered bank serving Aboriginal and Non-Aboriginal people throughout Canada. The Bank was conceived and developed by Aboriginal People, for Aboriginal People and regards itself as an important step toward Aboriginal economic self-sufficiency.
The strategic directive of the founding shareholders was to grow the Bank and increase Aboriginal ownership to the point that the Bank would be controlled by a widely held group of Aboriginal shareholders. Effective Nov 1, 2009 that objective became a reality and now the Bank is over 80% owned and controlled by Aboriginal shareholders from Alberta, Saskatchewan, Manitoba, Yukon, Northwest Territories, Nunavut and Quebec.
With the support of its Aboriginal shareholders, the Bank has demonstrated consistent growth and profitability. Bank services are available through a network of full service branches (three on reserve), Community Banking Centres and electronic banking channels.
Received Bank Act charter in November
Saskatoon branch opened September
Opened second branch CHISASIBI, QC
Purchased TD Bank branch WALPOLE ISLAND, ON
Opened first Community Banking Centre BUFFALO RIVER DENE NATION, SK
Added new shareholders YT, MB AND QC (EQUITY INCREASE $3.1 MILLION)
Opened fourth full service bank WINNIPEG, MB Opened second Community Banking Centre CREE NATION OF NEMASKA, QC
Opened fifth full service branch WHITEHORSE, YT Added new shareholders NU, NWT, YT, SK & QC (EQUITY INCREASE $14 MILLION) Entered into a 7 year Services Agreement with TD Bank
Opened sixth full service bank MEADOW LAKE, SK
Transfer of control of First Nations Bank to the Aboriginal shareholders
Opened seventh full service branch in Iqaluit, Nunavut
Completed our transition to a completely independent Financial Institution
Opened eighth full service branch in Yellowknife NWT. Opened two new concept Community Banking Centres in Baker Lake, NT and Pond Inlet, NT.
Community Banking Centre opened in Kugluktuk, NU, August 18, 2015.