Indianz.Com > News > Native American Bank lands significant investment
Native American Bank lands significant investment
Wednesday, June 23, 2021
Indianz.Com
A financial institution established by famed Native banker and activist Elouise Cobell is celebrating a significant investment by the second largest bank in America.
Bank of America recently announced that it had deposited $10 million into the holding company for the Denver-based Native American Bank, the country’s only Native-owned nationwide bank. The investment makes Bank of America a 4.9 percent owner of the bank.
“I think it says a lot about Native American Bank,” said Tom Ogaard, president of CEO of Native American Bank. “I think it says a lot about Bank of America.”
He said the investment will allow Native American Bank to continue funding Native projects, businesses and consumer lending needs. The bank has become a catalyst for economic development in Indian Country, providing funding for everything from compost facilities and homes to convenience stores and restaurants from Alaska to Florida. Native American Bank is a $180 million for-profit bank that serves all customers, while focusing on lending and economic development to project on and near tribal lands. Of the bank’s 36 shareholders, 31 are tribal nations, tribal enterprises and Alaska native corporations. The Native American Bank has its origins in Browning, Montana, where Cobell helped establish the Blackfeet National Bank in 1987. Cobell – who later became the lead plaintiff in Cobell v. Salazar, the groundbreaking class-action lawsuit that led to the $3.4 billion Cobell settlement – understood her reservation’s need for banking services that were tailored for Native people.Happy Tuesday!
— Native American Bank (@NABNA2001) June 22, 2021
NAB is hiring for a BSA Analyst for our Denver office. Please send resume to employment@nabna.com pic.twitter.com/ZaarZCJBGN
Related Stories
Native American Bank prepares for big move (August 3, 2018)
Search
Filed Under
Tags
More Headlines
Native talent lands nominations for annual Emmy Awards
Source New Mexico: Tribal leader discusses public safety at Republican convention
TRANSCRIPT: James Crawford, Chairman of Forest County Potawatomi Community, at Republican Convention
VIDEO: James Crawford, Chairman of Forest County Potawatomi Community, at Republican Convention
AUDIO: James Crawford, Chairman of Forest County Potawatomi Community, at Republican Convention
Native America Calling: Assessing control of Congress
‘Bring our kids home’: Winnebago Tribe in court over children buried at Indian boarding school
Cronkite News: Republicans continue to deny impacts of climate change
Native America Calling: The common ground between Republican and Native American values
‘A fake holiday’: Trump’s running mate J.D. Vance derided Indigenous Peoples’ Day
NAFOA: 5 Things You Need to Know this Week
Chuck Hoskin: Cherokee Nation closes the gap in health care disparities
Native America Calling: Wisconsin welcomes the Republican National Convention
AUDIO: Legislative Hearing to receive testimony on S.2783, S.3406, S.3857 & S.4365
VIDEO: Legislative Hearing to receive testimony on S.2783, S.3406, S.3857 & S.4365
More Headlines
Source New Mexico: Tribal leader discusses public safety at Republican convention
TRANSCRIPT: James Crawford, Chairman of Forest County Potawatomi Community, at Republican Convention
VIDEO: James Crawford, Chairman of Forest County Potawatomi Community, at Republican Convention
AUDIO: James Crawford, Chairman of Forest County Potawatomi Community, at Republican Convention
Native America Calling: Assessing control of Congress
‘Bring our kids home’: Winnebago Tribe in court over children buried at Indian boarding school
Cronkite News: Republicans continue to deny impacts of climate change
Native America Calling: The common ground between Republican and Native American values
‘A fake holiday’: Trump’s running mate J.D. Vance derided Indigenous Peoples’ Day
NAFOA: 5 Things You Need to Know this Week
Chuck Hoskin: Cherokee Nation closes the gap in health care disparities
Native America Calling: Wisconsin welcomes the Republican National Convention
AUDIO: Legislative Hearing to receive testimony on S.2783, S.3406, S.3857 & S.4365
VIDEO: Legislative Hearing to receive testimony on S.2783, S.3406, S.3857 & S.4365
More Headlines