First Nations Bank of Canada

First Nations Bank of Canada
Type	Private
Industry	financial services
Founded	1996
Headquarters	Saskatoon, Saskatchewan, Canada
Total assets	CAD
Number of 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) is the first Canadian bank to be independently controlled by Aboriginal people and shareholders.^[1] FNBC is a Schedule 1 Federally Regulated Bank and in accordance with The Bank Act of Canada^[2] received its charter in 1996. The bank headquarters are located in Saskatoon, Saskatchewan, Canada.

History

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.

First Nations Bank of Canada, Chisabi branch

A branch in Chisasibi, Quebec opened in July 1998. A branch in Walpole Island, Ontario opened in March 1999. FNBC was created to service First Nations businesses, individuals and to be the bank of choice for land claims money.^[3] 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. According to the First Nations Bank's 2013 Annual Report, the Toronto-Dominion Bank owns 19.8% of the FNB.

First Nations Bank of Canada plans to expand its Community Banking Centres to Baker Lake, Kugluktuk, and Pond Inlet in 2014. A full service branch in Yellowknife, NT is also scheduled to open in 2014.^[4]

Services

FNBC offers services to Aboriginal and non-Aboriginal customers:

Deposit accounts
Investments
Commercial Loans
Mortgages
Micro Loans
Cash Management
Credit Products
ABM access

Operations

Corporate Offices:

Saskatoon, SK - executive offices

FNBC Branches:

Community Banking Centres:

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:

External links

First Nations Bank of Canada

References

↑ http://www.fnbc.ca/fileadmin/user_upload/content/pdfs/12-259-032%20FNB%202012%20AR%20LR%20Mar20.pdf
↑ http://www.laws.justice.gc.ca/eng/acts/B-1.01/
↑ 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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Banks and credit unions in Canada

Banks

Big Five	Bank of Montreal Canadian Imperial Bank of Commerce (President's Choice Financial) Royal Bank of Canada Scotiabank (Tangerine) Toronto-Dominion Bank (TD Canada Trust)

Other banks	AMEX Bank of Canada Business Development Bank of Canada Canadian Tire Financial Services Canadian Western Bank Citibank Canada Citizens Bank of Canada First Nations Bank of Canada HSBC Bank Canada ICICI Bank Canada Laurentian Bank of Canada Manulife Bank of Canada National Bank of Canada Pacific & Western Bank of Canada Rogers Bank

Credit unions

Credit unions	Affinity Credit Union Aldergrove Credit Union Alterna Savings Assiniboine Credit Union BlueShore Financial Central 1 Credit Union Coast Capital Savings Concentra Financial Conexus Credit Union Credit Union Central of Canada Desjardins Group Envision Financial First Calgary Financial First West Credit Union Gulf and Fraser Fishermen's Credit Union Island Savings Kawartha Credit Union Kootenay Savings Credit Union Libro Financial Group Meridian Credit Union Mouvement des caisses populaires acadiennes Servus Credit Union Steinbach Credit Union TCU Financial Group Vancity Windsor Family Credit Union Your Credit Union Your Neighbourhood Credit Union

Credit union deposit insurance	Alberta * British Columbia * Manitoba * New Brunswick * Newfoundland and Labrador * Nova Scotia * Ontario * Prince Edward Island * Saskatchewan

Other financial institutions

Federal financial institutions	Farm Credit Canada

Provincial financial institutions	ATB Financial

National Aboriginal organizations in Canada

Assembly of First Nations Congress of Aboriginal Peoples Inuit Tapiriit Kanatami Métis National Council Native Women's Association of Canada Pauktuutit First Nations government Native Friendship Centre National Aboriginal Health Organization First Nations Bank of Canada Inuit Circumpolar Council Metis Child and Family Services Society

International rights organizations Pan-Indianism

Corporations based in Saskatoon

Crown Corporations	Saskatoon Light & Power

Publicly traded corporations	Cameco International Road Dynamics Potash Corporation of Saskatchewan Star Uranium United Uranium

Private corporations	AREVA Resources Canada Canpotex Crestline Coach DynaVenture Farmers of North America First Nations Bank of Canada Guardian Biotechnologies Great Western Brewing Company Hitachi Canadian Industries IL Therapeutics Prairie Plant Systems Pronto Airways QA Technologies Robin Hood Flour Siemens Transportation Group SED Systems West Wind Aviation Yanke Group YourLink

Co-operatives	Affinity Credit Union Concentra Financial Federated Co-operatives Saskatoon Co-op TCU Financial Group

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