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First Nations Bank Gets $15M Investment From Mississaugas of the Credit First Nation
The $15-million deal makes the Nation one of the bank’s largest shareholders and completes a $50-million capital raise, officials said.
- On Wednesday, Nov. 4, 2026, the Mississaugas of the Credit First Nation announced a $15-million investment in First Nations Bank, acquiring a 10 per cent ownership stake in the institution.
- This investment completes a $50-million capital raise for First Nations Bank, which remains the only Indigenous-owned chartered bank in Canada.
- Operating 22 branches, the bank manages more than $1.6 billion in assets, while its subsidiary FNB Trust holds $5.57 billion in assets under administration.
- Chief Margaret Sault of the Mississaugas said the deal offers a chance to "build long-term wealth" with a partner that understands the community's "needs and aspirations."
- Bank CEO Bill Lomax said the investment strengthens the founding vision, positioning the institution to pursue significant opportunities for Indigenous business and economic development across Canada.
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This 10% participation strengthens the lending capacity of the Aboriginal bank and supports its growth.
·Montreal, Canada
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Total News Sources8
Leaning Left8Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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