Native American Bank
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Native American Bank

Native people investing in Native communities

About Native American Bank

Native American Bank is a CDFI Bank whose purpose is to promote economic development in areas that are underserved by traditional financial institutions. The bank, the only national Indian-owned community development bank in the country, is providing funding for a number of projects from Alaska to Florida, from housing to hotel and agriculture. Businesses, small business, and individual banking services are fundamental to the development of local economies, and Native American Bank is uniquely positioned to contribute to these areas of community development. The bank is a prototype for a network of community-based offices to be established across the country in order to confront historical barries to economic opportunity in reservation communities. 

Native American Community Development Corporation (NACDC), the bank’s nonprofit CDFI affiliate, was founded to effectively address underlying factors that inhibit economic development and the productive use of financial capital. NACDC is focused on financial education, facilitation services for tribal planning, small business and technical assistance, housing development finance, home mortgages, and potential means of providing nonconventional intermediary financing. Working in tandem with the bank, NACDC provides financial counseling and borrower consulting services. 

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Native American Bank is a member of the NCIF Network:

  • Seed Fund Loan recipient
  • NMTC 3-Way Partnership Partner
  • BankImpact Dashboards Reporting Bank

Impact Story

In July 2014, Paul Iron Cloud, Executive Director of Oglala Sioux Lakota Housing Project (OSLH) and other tribal officials worked with Clay Colombe, Senior Vice President and Chief Lending Officer at Native American Bank and First National Bank of Gordon, to secure a $6 million Title VI HUD Guarantee Loan. The project is to build 45 new rental homes to be located in each of the nine districts on the Pine Ridge Reservation. “The Oglala Sioux Tribe has asked us to find the resources to build new houses on the Pine Ridge Reservation, houses that will help deal with the incredible housing shortage we have,” said Iron Cloud, “this is a historic step that we are undertaking and this is the first HUD Title VI Guaranteed loan completed in South Dakota”. 

The project had the first set of homes built by the end of December of 2014. “This is wonderful, it was a huge undertaking for the housing authority,” said Pinky Iron Plume Clifford, past Board Chair and current Board Member of OSLH, “we couldn’t have done this without a lot of help from a variety of agencies and the hard work of our staff. Special thanks to U.S. Department of Housing and Urban Development, Bureau of Indian Affairs, and our banking partners; the First National Bank and the Native American Bank, this represents a great opportunity for all of us and it opens an array of additional opportunities down the road.”