Canada’s biggest #IndigenousOwned #bank is planning a major expansion that will raise as much as $50 million to reach more customers.

#Saskatoon based #FirstNationsBank of #Canada aims for an issuance later this year that could expand its capital by as much as 50%, with a goal to double its $600 million loan book over the next few years, chief executive Bill Lomax said in an interview. This may be the first of two equity raises in the next couple of years, he said.

https://financialpost.com/fp-finance/banking/canada-biggest-indigenous-owned-bank-plans-expansion