First National appoints Asgari as Wealth Management Officer

First National Bank Alaska’s Board of Directors named Laura Asgari Investment Management Officer and Wealth Management Officer. She will be based out of Corporate Headquarters in Anchorage. Asgari is an alumna of the American College of Financial Services, a Retirement Income Certified Professional and a Wealth Management Certified Professional. She has worked in finance and…

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First National contributions to Alaskans total more than $1 million in 2019

First National Bank Alaska and its employees directed financial support of $1,014,750 to Alaska communities in 2019. The total includes charitable gifts, activity sponsorships and in-kind donations of time and expertise during the year. Health, youth, educational, civic and arts organizations from all around the state were recipients of donations from First National. As has…

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First National Bank Alaska Declares Dividend for First Quarter 2020

(ANCHORAGE) At the Board of Directors Meeting held January 30, 2020, First National Bank Alaska (OTCQX:FBAK) declared a cash dividend of $3.20 per share, payable on March 16, 2020, to shareholders of record as of March 1, 2020. Alaskan-owned and -operated since 1922, First National proudly meets the financial needs of Alaskans with ATMs and…

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Mahan joins the Best Place to Work in Alaska as Assistant Vice President

First National Bank Alaska’s Board of Directors named Alita Mahan Commercial Loan Officer and appointed her Assistant Vice President. She will be based at the Homer Branch. Mahan has two decades of banking and branch management experience in Alaska. She has extensive local lending experience, including mortgage loans, boat and vessel loans and consumer lending.…

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Four Alaska banking experts bring years of experience to First National

First National Bank Alaska’s Board of Directors announced their most recent hires, further strengthening the state’s largest locally owned community bank. Herbert Davis brings a master’s in capital markets and more than two decades of banking and management experience to his role at First National. As a Commercial Lending Officer and Assistant Vice President at…

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Unaudited results announced for fourth quarter 2019

(ANCHORAGE) First National Bank Alaska’s (OTCQX:FBAK) unaudited net income for fourth quarter 2019 was $14.2 million, or $4.49 per share. This compares to net income of $12.4 million, or $3.92 per share, for the same period in 2018. Net interest and loan fee income for fourth quarter 2019 was $35.6 million, an increase of 3.5%…

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