The Native American Bank helped finance a $5.2 million recycling facility in partnership with the Seminole Tribe of Florida. Photo from Facebook
Ho-Chunk Inc., the economic development corporation of the Winnebago Tribe of Nebraska, has invested in the Native American Bank. The company is a "major" shareholder in the bank, according to a press release. The institution has $61 million in assets, The Sioux City Journal reported. “First and foremost, we saw this as an excellent investment opportunity for Ho-Chunk, Inc. but we also understand that access to capital is a major economic hurdle for tribal communities and truly wanted to be part of the solution," Lance Morgan, a tribal member who serves as president and CEO of HCI, said in the press release. The bank is based in Denver, Colorado. Its shareholders are tribes, tribal entities and Alaska Native corporations and it specializes in tribal projects and home loans for Native Americans. Get the Story:
Northeast Nebraska tribe invests in Native American Bank (The Sioux City Journal 2/10)
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