Do national banks still exist?
Yes, there are banks in the United States that are certified as being owned or led by Native Americans. As of recent assessments, there are approximately 18 such institutions. While this represents a very small fraction of the thousands of banks in the U.S., these entities play a crucial role in addressing historical inequities and providing financial services that align with the specific economic needs of Native American communities. Certification for these institutions is typically managed through the Federal Deposit Insurance Corporation (FDIC), which verifies that at least 51% of the bank is owned or led by members of Native American tribes. These banks are an important component of the broader movement to improve financial inclusion and provide community-focused banking services that support tribal economic development and self-sufficiency.
Related FAQs
CoreFirst Bank & Trust operates a targeted regional network comprising roughly 12 to 13 physical banking facilities distributed across select states, primarily anchored in Kansas and surrounding communities.