Peace Hills beat national banks in bid to manage treaty funds
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A Native-owned trust company in Alberta defeated several national banks in a contest to administer treaty land entitlement funds in Saskatchewan.
Peace Hills Trust grabbed 75 per cent of the $450 million offered to 25 bands in Saskatchewan through a 1992 treaty land entitlement deal with Ottawa and the province.
And the trust company did so without asking for the business.
"We were invited," president Warren Hannay said. "We never solicited any of them. We were very careful. We've been doing business for over 10 years with other bands in Canada."
