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 dollars of start-up capital was provided by the Saskatchewan Indian Equity Foundation.
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.
Read more about this topic: First Nations Bank Of Canada
Famous quotes containing the word history:
“We are told that men protect us; that they are generous, even chivalric in their protection. Gentlemen, if your protectors were women, and they took all your property and your children, and paid you half as much for your work, though as well or better done than your own, would you think much of the chivalry which permitted you to sit in street-cars and picked up your pocket- handkerchief?”
—Mary B. Clay, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 3, by Susan B. Anthony and Ida Husted Harper (1902)
“We said that the history of mankind depicts man; in the same way one can maintain that the history of science is science itself.”
—Johann Wolfgang Von Goethe (1749–1832)
“Philosophy of science without history of science is empty; history of science without philosophy of science is blind.”
—Imre Lakatos (1922–1974)