Native American Bank, N.A. (NABNA) is a certified Community Development Financial Institution (CDFI) promoting economic development in areas that are underserved by traditional financial institutions. NABNA is committed to being a self-sustaining CDFI and is the only Indian owned community development bank in the country. The bank, with Native American Community Development Corporation, is held by Native American Bancorporation (NAB) whose collective mission is "to pool Indian economic resources to increase Indian economic independence."
- NABNA is the only bank in America designed to provide financial support and banking services
for all Native American Tribes, Alaska Native Corporations and their members and affiliated
businesses. It seeks to break down the barriers that have caused Indian Country to be vastly
underserved by the banking industry. NABNA is a commercial bank focusing on small business,
agricultural, community development, housing and consumer loans.
- In addition to loans, the
services that NABNA provides to its commercial and tribal clients include:
- Various depository accounts
- Electronic banking
- Funds transfer
- Letters of credit
- Merchant processing
- The bank has an understanding of
tribal sovereignty, tribal courts and trust land issues, and its staff has a deep sensitivity to
the cultural and life-style concerns of the communities and individuals they serve. Community
building services are provided through the promotion of financial literacy, housing financing,
economic development and the recovery and effective utilization of Native lands. Support with
capital deposits by institutions, such as Calvert Foundation, provide lending capital to Native
American Bank. Being a Native-owned bank, NABNA has the unique ability to target worthwhile
projects and leverage its capital across a broad section of Native American.
- NABNA is the only bank in America designed to serve all Native Americans and Alaska Natives.
It serves Native Americans through its Denver, Colorado office, the Browning branch on the
Blackfeet Reservation in Northwest Montana and through loan production offices located in
Anchorage, AK, on the Rocky Boy Reservation in Montana, and on the Shoshone Bannock Reservation in
Ft. Hall, Idaho. Overall, over 85% of the bank’s loan portfolio involves loans to Native
Americans. NABNA markets include Tribes and tribally owned businesses, individual American Indians,
socially motivated investors and foundations, banks, federal agencies and corporations doing
business in Indian Country. In addition, NABNA has developed extensive electronic and internet
banking capabilities to expand its reach throughout Native America.
- During 2008 NABNA:
- Loaned more than $20 million. The loan portfolio at the end of 2008 totaled about $84 million with a vast majority of these loans made to Native customers. NABNA made 1,214 loans totaling $20 million in its target geographic area.
- In addition to providing core financial services that are critical for small isolated rural communities, NABNA in 2008 made 1,194 loans totaling $5.7 million to residents and businesses on the Blackfeet, Rocky Boy and Shoshone Bannock Reservations with in excess of 98% of those loans made to Native people.
- Provided approximately $8 million of financing for the construction of a new Justice Center on the Shoshone Bannock Reservation.
Native American Bank recently partnered with J. Harper Contractors, Inc., an Asian American company, for a line of credit under the U.S. Department of Transportation's Short Term Lending Program. J. Harper Contractors, Inc. is a minority owned demolition contractor located in Maple Valley, Washington. Owned by Stan Kawamoto, the company has been in business for 13 years in the State of Washington and recently expanded into Oregon. Full Story