Bringing banking expertise to Alaska's university and medical district

U-Med Branch opens in late 2014

First National Bank Alaska will bolster its status as a financial lifeline to Alaskans by opening a branch in the heart of Alaska's university and medical district later this year.

The U-Med Branch will open on the corner of Providence Drive and Piper Street close to the University of Alaska Anchorage, Providence Alaska Medical Center and numerous other medical offices in the area. First National's 31st branch will be a two-story building offering the convenience of three drive-up lanes, including a drive-up ATM and night drop.

A staff of lending and deposit experts will focus on meeting the banking needs of Alaskans living and working in the area and offer the know-how of the state's most experienced local bank.

"We know Alaska and the unique challenges and opportunities inherent in living, studying and doing business in the Last Frontier," First National President Betsy Lawer said. "With that first-hand knowledge and experience, our experts have developed financial solutions for individuals, families and businesses in Alaska.

"This new branch, conveniently located just between the UAA Student Center and the Providence Hospital building, will also open the door to banking opportunities with the state's future leaders and business people in the area."

Officials from First National and other dignitaries broke snow-covered ground at the branch site in mid-March.

The U-Med branch will feature a full-function customer kiosk where customers can handle routine banking transactions online without teller assistance. The kiosk will be available on the first floor of the new branch, with private offices for lending activities located on the second level.

The bank will occupy a 6,300 sq. ft. unit of the new building developed by Pfeffer Development, LLC, a multi-disciplinary commercial real estate developer based in Anchorage. Criterion General, Inc. is the design-builder and kpb architects is the design firm for the project.

The new building will integrate into the existing environment, providing green space and convenient access through pedestrian/bike paths. It will also feature contemporary exterior finishes and expansive windows allowing for natural light and views of the surrounding landscape.

"First National has been on the forefront of seeing Alaska grow for more than 90 years," Lawer said. "With the U-Med Branch, we look forward to developing relationships with more of the students and medical professionals in our community."

Learn more about the U-Med branch by visiting or call First National at 777-5622/1-800-856-4FNB from communities outside Anchorage.

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