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More about bank
First Nations Bank of Canada is a Canadian chartered bank primarily focused on providing financial services to the Aboriginal marketplace in Canada. It is over 80% Aboriginal owned and controlled. The Bank offers Aboriginal and non-Aboriginal people, corporations and governments a full range of personal and business banking services including loans, mortgages, investments (registered and non-registered), transaction accounts and cash management.
First Nations Bank of Canada is an approved member of Canada Deposit Insurance Corporation, the Canadian Payments Association and is an approved mortgage lender with Canada Mortgage and Housing Corporation, as well as the First Nations Market Housing Fund.
At the end of 2009, the First Nations Bank had lent $160.2 million, with assets totalling $266.5 million. The profit increased from 2008 to 2009 from 8,000 to 157,000 dollars. In 2010, the bank reported an income of $10.2 million.
The bank officially de-coupled from TD Bank in 2012. The two banks had entered into a seven-year partnership starting in 2007.