By Sam Laskaris Writer The Mississaugas of the Credit First Nation (MCFN) is now one of the largest shareholders for the First Nations Bank of Canada (FNBC). The announcement came at last Wednesday’s (Nov 4) Canadian Club lunc heon event. MCFN announced it has invested $15 million into the country’s only Indigenous-owned chartered bank. MCFN’s investment means that it now has about a 10 per cent ownership position in the bank. The First Nation’s investment also enabled the FNBC to complete a $50 million capital raise, which will allow the bank to continue growing and further its ability to lend funds to boost Indigenous business opportunities across the country. MCFN Chief Margaret Sault is extremely supportive of her First Nation’s investment. “ It makes good sense,” she said, adding the…
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