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The founders of First Nations Bank of Canada had a vision to develop a federally-chartered bank serving Aboriginal and Non-Aboriginal people throughout Canada. The Bank was conceived and developed by Aboriginal People, for Aboriginal People and regards itself as an important step toward Aboriginal economic self-sufficiency.
The Board of Directors for First Nations Bank of Canada consists of not less than eight (8) and up to eleven (11) directors, one (1) of whom shall be the Person who is the chief operating officer for First Nations Bank.
Aboriginal representation on the Board of Directors includes Bill Namagoose from Quebec, Crystal McLeod from Saskatchewan, Mark Wedge from the Yukon, Ken Toner from Nunavut and Keith Martell from Saskatchewan. Keith Martell also serves as Executive Chair of the Board.
With the closing of the share offering on October 26, 2007 First Nations Bank is entering a new chapter in its growth and development. First Nations Bank and The Toronto-Dominion Bank have entered into a new services agreement (TD/FNBC Services Agreement (2007)) which will see First Nations Bank transition away from TD Bank to become a fully independent financial institution within 7 years.
The Bank serves Aboriginal and non-Aboriginal people, corporations and governments throughout Canada by offering 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.
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