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Article: Acquisition of Browning, Mont., Bank Gains Approval.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 12, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Mark Fogarty, Indian Country Today, Rapid City, S.D. Knight Ridder/Tribune Business News
Oct. 12--DENVER-The Federal Reserve Board has approved the application of Native American Bancorporation Co. here to acquire Blackfeet National Bank of Browning, Mont., giving a green light to startup of the first nationwide American Indian bank.
NABC, in the process of organizing the operation for several years, will change the Blackfeet National name to Native American National Bank. Its office will remain in Browning under the new name and will continue banking and community development efforts on the Blackfeet reservation.
In acquiring the $18 ...