News and Press Releases

Jul 20, 2001

First National Bank Receives 49th Straight 5-Star Rating

Alaska's largest locally-owned bank recently received a five-star rating from Bauer Financial Reports, Inc., America's leading bank analyst.

First National Bank has now received the five-star rating for 49 consecutive quarters, the longest such streak of any Alaska bank. It is also the only bank in Alaska with an "A+" grade from Weiss Ratings, Inc., and a perfect "300" rating from IDC Financial Publishing, Inc.

The five-star rating, denoting the highest level of fiscal strength and performance, "is not easily earned nor maintained," said Paul A. Bauer, president of the research firm. He noted that only 15 percent of the nation's banks share the distinction.

Established in 1922, First National is Alaska's largest Alaskan-owned bank. Family-owned and operated, the full-service commercial bank has 27 branches throughout Alaska and ATMs in 17 rural communities.

Contact: John T. Callahan - (907) 777-3408

 

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