Thursday, 3 April 2014

Challenge #8 - BNAY

This months challenge is to research the First Nations bank. What is it's history, it's products and If i think it should expand into Atlantic Canada.

The First Nations Bank is a federally chartered bank owned by 80% aboriginal shareholders. The bank obtained it's bank act charter in 1996 and soon after the Saskatoon branch opened in September of 1997 all the way until it recently Opened it's  seventh full service branch in Iqaluit, Nunavut and Completed the transition to become a completely independent Financial Institution. The bank offers aboriginal & non - aboriginal people, corporations and governments a full range of personal and business banking services including loans, mortgages, investments, transaction accounts, and cash management.
I do believe this bank should expand into Atlantic Canada to help the growth of aboriginal businesses and leadership.