First National’s commitment to Alaska communities is best measured by our long-standing performance under the Community Reinvestment Act (CRA).
The CRA is a federal law ensuring banks meet the credit needs of their communities, especially in low—and moderate-income neighborhoods. Over the last eight CRA Performance Evaluation review periods, spanning 24 years, First National has earned an Outstanding CRA rating, the highest possible.
In the most recent CRA evaluation ending Dec. 31, 2022, First National’s contributions to Alaska communities were significant. We provided $29.3 million through community development investments, including direct contributions to charitable nonprofit organizations and investments in low-income housing tax credits for affordable housing and other rural investments, making a tangible difference in these areas.
