First National Bank Alaska
Encyclopedia
First National Bank Alaska is an American bank founded in 1922 by Winfield Ervin, Sr., as First National Bank of Anchorage. The first branch stood on the corner of Fourth and G in Anchorage, Alaska
.
had been absorbed into Wells Fargo
in 2000.
In May 2007, Bauer Financial Reports gave First National a "five-star" rating, the highest such rating they offer. It is the 73 consecutive quarter First National has earned the five-star rating, the longest such streak of any Alaska bank. Because First National has maintained this rating in each quarter for at least 10 years, it also earned Bauer's distinction of an "Exceptional Performance Bank"
First National reported more than $2.27 billion in assets in its 2006 annual report. In April 2006, the bank opened its 29th branch in Glennallen
.
Anchorage, Alaska
Anchorage is a unified home rule municipality in the southcentral part of the U.S. state of Alaska. It is the northernmost major city in the United States...
.
History
In 1941, the bank was purchased by Warren N. Cuddy, who took over as president. Cuddy died in 1951, and his son, D.H. Cuddy, succeeded as president, a position he retains to this day. In 1960, First National opened Alaska's first drive-through bank. In September 2001, the bank's name was changed to First National Bank Alaska. The similarly named National Bank of AlaskaNational Bank of Alaska
National Bank of Alaska was Alaska's largest financial institution for the latter part of the 20th century. In 2000, it was acquired by Wells Fargo....
had been absorbed into Wells Fargo
Wells Fargo
Wells Fargo & Company is an American multinational diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the U.S. by assets and the largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home...
in 2000.
In May 2007, Bauer Financial Reports gave First National a "five-star" rating, the highest such rating they offer. It is the 73 consecutive quarter First National has earned the five-star rating, the longest such streak of any Alaska bank. Because First National has maintained this rating in each quarter for at least 10 years, it also earned Bauer's distinction of an "Exceptional Performance Bank"
First National reported more than $2.27 billion in assets in its 2006 annual report. In April 2006, the bank opened its 29th branch in Glennallen
Glennallen, Alaska
Glennallen is a census-designated place in the Valdez-Cordova Census Area in the Unorganized Borough of the U.S. state of Alaska. As of the 2000 census, the population of the CDP was 554.- Location :...
.