FNB Trust Drum Circle

Indigenous Trust Services

For 25 years, First Nations Bank of Canada has proudly served our customers. We’ve partnered with growing Indigenous businesses and communities looking to the future.

Now we are bringing that same community-focus, care and attention to Indigenous Trust Services through our subsidiary, FNB Trust. From trust set up to administration – we are committed to supporting Indigenous prosperity, leadership and well-being.

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Trust Services

With over 50+ years of combined trustee and trust service experience, our FNB Trust team is there for our clients from beginning to end of the trust process. We offer:

Trust Development Services

  • assist in the development and structuring of your trust by ensuring that our clients understand the trust structuring models and possibilities;
  • facilitate Council and/or Trustees to make important decisions about what your trust will look like;
  • provide information on trust best practices;
  • provide educational sessions and learning tools to Chief and Council, community trustees and beneficiaries;
  • work with the trust lawyer to make sure that the final trust agreement is right for you.

Community Engagement Services

  • provide trust training and education to community trustees, Chief and Council and Membership;
  • assist in community engagement meetings to seek input in the trust development and/or explain your trust prior to trust ratification;
  • provide financial expert services to explain the trust implications.

Trustee Services

  • maintain the trust books of account and provide maintenance and operation of bank accounts;
  • deal with the trust's correspondence and day to day work;
  • write all cheques on the trust account and ensure trust agreement conditions are met prior to any disbursement from the trust account;
  • prepare year-end trust financial statements and facilitate audit so it is completed in a timely manner;
  • assist in the selection of an auditor or audit firm and tax advisor;
  • prepare and distribute to relevant parties a quarterly trust fund status report that details trust activity;ensure all trust regulatory and tax filings are completed on time;
  • prepare annual trust operating budget for approval by the community trustees or Chief and Council;
  • meet with Chief and Council and/or community trustees to provide an update on the trust’s performance;
  • assist, as necessary, with the preparation for meetings and preparation of agenda packages;
  • prepare and maintain the minutes of meetings of trustees;
  • assist in the selection of investment consultant and managers and in the performance evaluation of the trust’s investment portfolio;
  • develop in collaboration with community trustees and/or Chief and Council, the trust operational policies;

We also offer Indigenous trust best practice tools including:

  • Trust frameworks;
  • Trustee eligibility criteria;
  • Trustee roles and responsibilities;
  • Trustee remuneration;
  • Trust policies and procedures around spending, delegation of authorities, codes of conduct and conflicts of interest;
  • Trust quarterly and annual reports;
  • Community engagement and communication strategies.

Trust Team

Meet the FNB Trust Team

Lisa Ethans, FCPA, CBV, ICD.D

  • Chair of the FNB Trust Board and member of FNBC Board of Directors
  • 25+ years of trust services experience as former founder and head of Deloitte’s Aboriginal Trust Services practice.
  • Held administrative and corporate trustee positions for over 20 Indigenous trusts
  • Director of the Vancouver Fraser Port Authority, BC Lottery Corporation, CPABC and Chair of the Chief Joe Mathias BC Aboriginal Scholarship Fund, and Director of Junior Achievement of BC (Chair of Aboriginal Advisory Committee).

Bill Lomax, MBA, LL.B.

  • FNB Trust and FNBC Director, President and CEO since 2023
  • Former Vice President, Wealth Management with Goldman Sachs
  • Former Legal counsel for the Federal Dept of Justice
  • Former Treaty Analyst with the British Columbia Treaty Commission
  • Former Senior Portfolio Manager, San Manuel Band of Mission Indians
  • 20+ years of international experience in financial management and wealth creation
  • Member of the Gitxsan Nation

Suzanne Trottier, CFA, MBA

  • President, FNB Trust
  • Former Director of Capacity Development at First Nations Financial Management Board
  • Former Vice-President of Ernst & Young Corporate Finance Inc.
  • Director of Business Development Bank of Canada (member of Audit and Risk Committees)
  • Member of the National Indigenous Steering Committee of Financial Literacy and former member of the National Financial Literacy Committee
  • Proud member of the Metis Nation British Columbia

Our team offers in-depth Indigenous trust experience from Indigenous professionals – we do what is right for you.

Why Choose FNB Trust

Building upon the successes of FNBC, FNB Trust is committed to Indigenous long-term well-
being and prosperity. We are different from other Indigenous trust services providers because FNB
Trust focuses exclusively on Indigenous customers.

We are 100% independent from asset managers which allows us to provide you with the highest level
of independent, ethical and transparent services. There are no hidden fees or agendas.

We offer best in class capacity development and training by Indigenous professionals that build
capacity that stays in the community.

As a trust company, we offer additional protection to community trustees given we have an
obligation and legal responsibility to ensure the trust agreement terms and conditions are met.

We offer fair, competitive and transparent fees.

Our focus on Indigenous Services starts with our Shareholders! 
FNBC is over 80% Indigenous owned and is widely owned by shareholders who value our services that enable nation building.