SASKATOON, Sept. 12, 2012 /CNW/ - First Nations Bank of Canada (FNBC)
today announced that its transition from the operating systems,
products and services of The Toronto-Dominion Bank (TD) is now
complete. Meeting the needs of the Aboriginal market is a primary focus
of the Bank. The new operating system launched on Monday enables the
Bank to better meet those needs.
"This is a historic day for FNBC and Aboriginal families, businesses and
communities across Canada," said Keith Martell, Chairman and Chief
Executive Officer for FNBC. "We now have the autonomy, systems and
services to fully meet our mandate, which is to serve the growing needs
of the Aboriginal marketplace."
In 2007, First Nations Bank of Canada signed a 7-year shared services
agreement with TD to leverage its banking systems, and many of its
products, to meet the needs of its customers. According to Arden
Buskell, President and Chief Operating Officer for FNBC, it is
gratifying that FNBC was able to achieve operational self-sufficiency a
full two years before the agreement was scheduled to end.
"Our goal was always to move quickly and confidently on our path toward
independence while trying to minimize the impact of the change on our
customers," said Buskell. "We appreciate the hard work of our
employees, the patience of our customers and the cooperation of TD to
make this transition possible."
Since its inception in 1997, First Nations Bank has opened seven
full-service branches in four provinces and two territories and
achieved fourteen consecutive years of asset growth. Martell credits
the success and growth of FNBC to the trusting relationships the Bank
has fostered with its customers.
"For many of our customers, the path to growth and opportunity started
at First Nations Bank with a simple conversation," explained Martell.
"One conversation at a time, we have grown relationships in regions
across Canada, connecting with customers on a personal level, serving
them in their home communities and helping them tap into the capital
and financial resources they need to step into a brighter future."
"Now we have the capacity to offer our own products and services,
tailored to the needs of our customers; we have the tools to grow and
expand our reach even further."
First Nations Bank of Canada (FNBC) is a Canadian chartered Bank focused
primarily on providing financial services to the Aboriginal
marketplace. Over 80% of the Bank's shareholders are Aboriginal who
share FNBC's commitment to the financial needs of growing Aboriginal
families, businesses and communities. FNBC is an approved member of
Canada Deposit Insurance Corporation and Canadian Payments Association
and an approved mortgage lender with Canada Mortgage and Housing
SOURCE: First Nations Bank of Canada
For further information:
Chairman and Chief Executive Officer
Phone: (306) 955-6734