Native American Bank Honored for Innovative Financing Bringing Much-Needed Grocery Store to Red Lake Band of Chippewa Indians

Native American Bank
Friday, May 3, 2019

The Native American Financial Officers Association (NAFOA) has awarded Red Lake the 2019 Small Deal of the Year Award for establishing a grocery store and retail complex in an area that greatly needed one. The new store eliminates a 60-mile round trip for healthy foods and everyday items for the local community. Native American Bank, the lead financing institution for the Red Lake complex, is proud to have played a small part in this success. "Native American Bank was honored to serve as a problem-solver and trusted resource for creative financial solutions," said bank President Tom Ogaard. "We hope to bring our understanding of sovereign governments and regulatory issues to even more community development projects in underserved tribal areas."