Native American Bank
“Chartered as a national community development focused bank, Native American Bank is also a certified Community Development Financial Institution (CDFI). We are committed to being a self-sustaining CDFI and are the only national American Indian owned community development bank in the country. Native American Bank supports the communities that we service and we received an “outstanding” on the most recent Community Reinvestment Act (CRA) exam.”
- website: https://nativeamericanbank.com/
Cannabis Banking Services
States Served:
- Colorado; Montana, Nationwide for Tribal & Nativeowned / operated CRBs
Official cannabis banking page: NA
Media coverage:
- Tribal Business News: Tribal unity, sovereignty and advocacy headline Wisconsin Indigenous cannabis summit
During a panel on policy and the regulatory framework, Jamie Santistevan, senior vice president at Denver-based Native American Bank, addressed the challenges of providing banking services to the cannabis industry on tribal lands. He emphasized the crucial role of Native-based financial institutions including Native community development financial institutions (CDFIs) and minority deposit institutions (MDIs) supporting Indigenous entrepreneurs. “Even with decriminalization and the Safe Banking Act, I still think there’s going to be a lot of reticence from banks to get into this space and even more specifically, the tribal banking space because non-tribal-based banks don’t know how to deal with this on tribal land,” Santistevan said. “Native-based banks, CDFIs and MDIs that can support this industry are going to be very crucial as we move forward into this space (over the next) two to five years.”
Bank Health Rating
DepositAccounts.com Rating: link
- DepositAccounts considers several health grade components:
- Texas Ratio (measuring bank credit risk);
- Texas Ratio trend;
- Deposit growth;
- Capitalization (difference between bank assets and liabilities).