First National Bank of Alaska

Escrow Servicing

Easy for you, easy for them.

Weststar Loan Servicing is closing its doors in Alaska. Transfer your account to First National by September 15 and avoid Westar's $75 transfer fee.

No two customers are alike. No two transactions are alike. And nobody is more keenly aware of this than the escrow servicing team at First National Bank Alaska.

Call 777-3430 or 1-800-856-4FNB to speak with a friendly, local Alaskan about transferring your account today.


    Escrow Account

    An escrow account is a contract for payment collection that includes legal documents retained by the third party escrow servicer. This account is an ideal way to establish an official record of a transaction (buy or sell), a payment or disbursement of funds. Escrow servicing can help you with many types of transactions including:

    • Owner- or seller-financed real estate sales
    • Mobile home sales
    • Vehicle or ATV sales
    • Equipment sales
    • Stocks and business purchases

    You'll need these forms to get started: Escrow Instructions (217 KB PDF), Escrow Application (291 KB PDF), Request for Taxpayer Identification Number and Certification (W-9 Form) (84 KB PDF)


    Collection Account

    Simplify making and receiving payments. First National acts as bookkeeper for the collection of a debt without collateral. This account legitimizes a debt owed and serves as a way to establish good payment history.

    • Personal loans
    • Sale of liquor license
    • Divorce / legal settlements
    • Loans between family members
    • Healthcare providers and patients
    • Leasing agents and businesses offering in-house financing

    These forms will help you get started: Collection Instructions (193 KB PDF), Escrow Application (291 KB PDF), Request for Taxpayer Identification Number and Certification (W-9 Form) (84 KB PDF)


    Rental Account / Collection by Payee Only

    Whether you're a landlord, property management firm, homeowners' association, salon or spa owner, or healthcare provider extending credit, we're here to help you save time on collecting payments and bookkeeping.

    First National's Rental Account / Collection by Payee Only Account can free up your precious resources by tracking and disbursing proceeds and emailing consolidated payment information and delinquency reports.

    • Single family homes
    • Multi-family properties
    • Condominium fees
    • Homeowners Association (HOA) fees
    • Commercial property
    • Salon / Barbershop booths
    • Healthcare bills

    These are the forms you'll need to get started: Escrow Application (291 KB PDF), Collection by Payee Only (386 KB PDF), Request for Taxpayer Identification Number and Certification (W-9 Form) (84 KB PDF)

    If you have tenants, we can help you take care of everything: payments, deposits, accounting, reports, even late payment reminders to your tenants. Learn how to make rent collection easy!

    Closing Escrow

    Use this escrow for transfer of limited entry fishing permits, Individual Fishing Quotas (IFQs), Charter Halibut Permit (CHPs), liquor licenses and more.

    • Individual Fishing Quotas (IFQs)
    • Limited Entry Permits
    • Charter Halibut Permits (CHPs)

    For these transactions, contact our specialists directly.

      Frequently used escrow forms in one location.

          Discover the local difference

          Our escrow servicing team offers more services and options than any bank in Alaska. Local experts are here to offer solutions to meet your needs.

          Contact us for additional information and current escrow options or call 777-3430 in Anchorage to speak with a friendly, local Alaskan.

          Michelle Frain
          Escrow Manager

          Ervin Hetemi
          Business Development Officer


        Member FDIC MEMBER FDIC     NMLS #640297

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