Tribal nations are increasingly turning to financial institutions to fund transformative economic development projects. During the panel at Raving NEXT 2025, “Tribes are Leveraging Banks to Finance Development: Here’s How,” experts from both the banking and tribal development sectors shared insights into how partnerships with financial institutions are driving infrastructure, housing, renewable energy, and tourism projects across Indian Country.
Panel experts included Mike Fesl, Director at KeyBank Native American Financial Services; Michael Vantrease, Executive Vice President and Chief Administrative Officer at Legacy Bank; Bridgette Loya, Vice President – Relationship Manager at Legacy Bank; and Skye McMichael, Managing Principal at Oak & Stone Development.
Key takeaways from the panel
1. Building strong banking relationships is essential
One of the key themes of the discussion was the importance of building and maintaining strong relationships between tribes and banks. Mike Fesl, Director at KeyBank Native American Financial Services, emphasized that trust and long-term commitment are crucial for successful financial partnerships.
“Tribes need partners who understand their unique needs and long-term vision. A strong banking relationship isn’t just about lending; it’s about working together to create sustainable growth,” Fesl said.
2. Understanding tribal sovereignty and legal frameworks is key
Navigating the complexities of tribal finance requires financial institutions to have a deep understanding of tribal sovereignty and the unique legal frameworks that govern tribal economies. Michael Vantrease, Executive Vice President and Chief Administrative Officer at Legacy Bank, pointed out that banks must be well-versed in federal policies, sovereign immunity, and tax regulations that impact tribal financing.
“A bank that truly understands the nuances of tribal governance and economic development is in the best position to provide meaningful financial solutions,” Vantrease noted.
3. Banks are supporting a wide range of tribal economic initiatives
The panelists shared success stories of how banks are helping fund tribal projects, from affordable housing developments to large-scale renewable energy projects. Bridgette Loya, Vice President – Relationship Manager at Legacy Bank, highlighted a project where her institution helped finance critical infrastructure improvements for a tribal community.
“We’re seeing tribes take on ambitious projects that not only provide economic benefits but also improve the quality of life for their members. Banks have a significant role in making these projects a reality,” Loya said.
4. Challenges and solutions in tribal finance
While there are many opportunities for collaboration, panelists acknowledged challenges such as access to credit, regulatory hurdles, and historical mistrust between tribes and financial institutions. Skye McMichael, Managing Principal at Oak & Stone Development, stressed the importance of transparency and education in overcoming these barriers.
“One of the biggest hurdles is simply ensuring that both sides understand each other. Tribes need to know what financial institutions can offer, and banks need to appreciate the long-term economic vision of tribal communities,” McMichael explained.
Looking ahead: The future of tribal-banking partnerships
The panelists agreed that the future of tribal development is promising, with increasing opportunities for innovative financial solutions tailored to tribal needs. With a commitment to partnership, understanding, and strategic investment, banks and tribal nations can unlock new pathways for economic growth and sustainability.
For financial institutions looking to engage with tribes, the key takeaway is clear: success lies in building trust, fostering deep relationships, and offering tailored financial solutions that align with tribal priorities.
This insightful discussion shed light on the evolving landscape of tribal finance and the critical role banks play in supporting economic development in Indian Country. As tribes continue to leverage financial institutions for growth, these partnerships will shape the future of tribal economies for generations to come.
