Lomax is a member of the Gitxsan Nation and grew up in Terrace, B.C. He currently serves as president and CEO of First Nations Bank of Canada (FNBC). Earlier this year, Lomax announced a partnership with Canada Infrastructure Bank (CIB) to form a $100 million loan participation agreement with the FNBC for enabling infrastructure in First Nations, Métis, and Inuit communities. The funds will ensure that Indigenous communities will have access to affordable and flexible financing to unlock enabling infrastructure development that can support improved living conditions, new economic opportunities and housing.