TORONTO — -CP- The Mississaugas of the Credit First Nation have become one of the First Nations Bank of Canada’s (FNBC) largest shareholders after investing $15 million into the bank giving it a 10 per cent ownership stake. The investment in the Indigenous-owned chartered bank, the only one of its kind in Canada, marks the completion of a $50-million capital raise. The FNBC provides commercial and personal banking services including loans, mortgages and investments to both Indigenous and non-Indigenous clients. The bank said the investment will allow for expanding its lending capacity while pursuing opportunities in Indigenous business, infrastructure and economic development. Bill Lomax, president and CEO of the bank, made the announcement while speaking at the Canadian Club in Toronto on Wednesday. Bill Lomax, left, President and CEO, First…
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