The Bank of Montreal has opened up a new branch in Wemindji, its second in the Cree communities.

Last year, the bank opened its first branch in Waskaganish. Bank and Cree officials were on hand at the inauguration ceremony on June 19.

The Wemindji branch has four employees, two of whom are Cree. The bank says it will offer its services in the Cree language and hopes to offer loans to entrepreneurs in all the communities.

The new branch reflects the growing interest of most major banks in moving into First Nations communities.