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
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“When we of the so-called better classes are scared as men were never scared in history at material ugliness and hardship; when we put off marriage until our house can be artistic, and quake at the thought of having a child without a bank-account and doomed to manual labor, it is time for thinking men to protest against so unmanly and irreligious a state of opinion.”
—William James (1842–1910)