(ANCHORAGE) At the Board of Directors Meeting held July 30, 2020, First National Bank Alaska (OTCQX:FBAK) declared a special cash dividend of $3.20 per share, payable on October 15, 2020, to shareholders of record as of October 1, 2020.
“In the face of potential financial stress caused by the ongoing pandemic, we are pleased to reward our shareholders with a special dividend that may be of assistance to them,” said Chair and CEO Betsy Lawer. “The bank’s continued strong performance and robust capital position allows us to distribute nearly $11 million that may help stimulate the economy during these difficult times.”
The Board of Directors declared the special dividend in addition to the bank’s regular quarterly dividend. First National Bank Alaska’s Board of Directors will continue to monitor economic conditions and consider capital strategies designed to balance the needs to maintain strong capital and to deliver optimal returns for shareholders.
Alaskan-owned and -operated since 1922, First National proudly meets the financial needs of Alaskans with ATMs and branches in 18 communities throughout the state, and by providing banking services to meet their needs across the nation and around the world. In 2020, Alaska Business readers voted the bank the “Best of Alaska Business” in the Best Place to Work category for the fifth year in a row. In 2019, American Banker recognized First National as a “Best Bank to Work For” for the second year in a row and Anchorage Daily News readers voted the bank one of the state’s top three financial institutions in the ADN “Best of Alaska” Awards. First National was also recognized as the most admired company in the state by MSN.com and received the Rita Sholton Large Business of the Year Award from the Alaska Chamber.
Visit FNBAlaska.com for more information about Alaska’s largest locally owned bank and access to efficient and secure online banking services. First National Bank Alaska is a Member FDIC and Equal Housing Lender.
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