FNBC President and CEO Bill Lomax and Chief Dolleen Logan of the Lheidli T'enneh First Nation after announcing that the Lhedili T'enneh would become shareholders in the First Nations Bank of Canada. Image Credit: Dave Branco/CKPGtoday.ca Staff

By Adam Berls/Cheryl Jahn

significant investment

Lheidli T’enneh invests $10 million in First Nations Bank of Canada

Aug 22, 2025 | 2:15 PM

PRINCE GEORGE — The Lheidli T’enneh First Nation and Tano T’enneh Enterprises have announced a $10 million equity investment into the First Nations Bank of Canada (FNBC).

Both Lheildi T’enneh and Tano T’enneh have purchased a 4.32% stake in FNBC, totalling to a 8.64% ownership stake in Canada’s only Indigenous-owned chartered bank. The First Nations Bank of Canada is now 88% Indigenous-owned.

Chief Dolleen Logan said that the “Lheidli T’enneh First Nation is proud to become a shareholder in First Nations Bank of Canada.” Logan mentioned that Lheidli T’enneh’s investment reflects a “commitment to building a strong economic future for our people and supporting Indigenous-owned financial institution that understands the unique needs and opportunities of our communities.”

As to what the $10 million in capital will be used for, FNBC says that it “will support FNBC’s expanding loan book and national growth, including financing for Indigenous governments, entrepeneurs, and businesses.”

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President and CEO of FNBC Bill Lomax says that the investment is a “major milestone and a powerful statement of confidence in the future of FNBC.” The bank announced a $9 million investment from five other Indigenous groups earlier this year, which they say is “bringing the Bank closer to its goal of raising $50 million in equity capital”.

“Tano T’enneh Enterprises is focused on building long-term, sustainable opportunities for our Nation,” said Evan Salter, CEO of Tano T’enneh Enterprises.

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X: @AdamBerls

Email: Adam.Berls@pattisonmedia.com