Bank is a leader in meeting community needs
For the fifth consecutive time, First National Bank Alaska received an Outstanding Community Reinvestment Act rating from the Office of the Comptroller of the Currency (OCC).
The bank earned its first outstanding rating in 2001. The review process typically happens every three years.
The Community Reinvestment Act is federal legislation that ensures banks meet the credit needs of their entire community, including low- and moderate-income neighborhoods. Banks are evaluated under three performance areas:
• Lending • Investments • Service
First National received an outstanding rating for each of the three evaluation areas.
“For more than 90 years, the bank has been committed to its communities, and we’re very proud to receive this acknowledgment,” First National President Betsy Lawer said. “Our 700 First National banking experts also share in this honor. Our employees regularly meet the banking needs of their fellow Alaskans by offering them financial solutions to help reach their goals and dreams.
“We’re not about to change that focus.”
The OCC’s report characterizes First National as a leader in “community development lending.”
The bank’s loans helped provide affordable housing, supported community services and economic development and revitalized low- or moderate-income communities throughout the state.
Alaskan-owned and operated since 1922, First National proudly meets the financial needs of Alaskans with ATMs and 30 branches in 18 communities throughout the state. Visit FNBAlaska.com for more information about Alaska's largest locally-owned bank and access to efficient and secure online banking services.
Contact: Marketing Department, (907) 777-3409