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Oct 30, 2002

First National Among Ten Highest-Rated Banks in America

For the 18th consecutive quarter, one of the financial industrys most
respected ratings companies has named First National Bank Alaska among the most secure financial institutions in America.

Not only did Florida-based Weiss Ratings, Inc., continue First Nationals
A+ rating, it again placed the Alaskan-owned bank in its list of the top 10 banks and thrifts nationwide.

In our opinion, this institution offers excellent financial security, the
Weiss analysis stated. It has maintained a conservative stance in its business operations and underwriting practices as evidenced by its strong equity base, topnotch asset quality, steady earnings and high liquidity.

First National has the resources necessary to deal with severe economic conditions, the report concluded.

Weiss does not accept any compensation from the companies being rated. The firms list of Americas ten highest-rated banks can be found online at:

Established in 1922, First National is Alaskas largest Alaskan-owned and
operated bank, with 27 branches throughout the state and ATMs in 17 rural communities.


Contact: Marketing Department, (907) 777-3409