Ho-Chunk, Inc. becomes a major Shareholder in The Native American Bancorporation Co.
Native American Bank 2014
Ho-Chunk, Inc., became a major shareholder in The Native American Bancorporation Co. Ho-Chunk, Inc., is the economic development corporation for the Winnebago Tribe of Nebraska. Lance Morgan, President and CEO of Ho-Chunk, Inc. said "First and foremost, we saw this as an excellent investment opportunity for Ho-Chunk, Inc. but we also understand that access to capital is a major economic hurdle for tribal communities and truly wanted to be part of the solution."
"The Native American Bancorporation Co. and Native American Bank, N.A. are very pleased to have Ho-Chunk, Inc. as an investor," stated Thomas Ogaard, President and CEO of both entities. "We have made a concerted effort to source projects that meet the bank's mission while providing economic diversity and meaningful jobs. The capital support provided by Ho-Chunk, Inc. is a valuable resource that allows us to continue these efforts, grow the bank and make a difference in the lives of the people we serve."
"Ho-Chunk, Inc. understands and appreciates NAB's mission to assist Native American and Alaskan Native individuals, enterprises and governments to reach their goals by providing affordable and flexible banking and financial services. This is the first and only bank to exclusively serve the financial needs of Indian Country," said Morgan. Lance Morgan believes NAB's mission and philosophy of "Native People Investing in Native Communities" complements Ho-Chunk, Inc.'s mission to provide long-term economic self-sufficiency and job opportunities for the Winnebago Tribe.