Alaska Banks:

Alaska Pacific Bank opened for business in 1935 as Alaska Federal Savings and Loan Association, with the sole purpose of providing home loans to the residents of Juneau, Alaska. Founder Tom Morgan, operated the association inside the offices of his primary business, the Columbia Lumber Company, until moving into the first official office of the institution, which was located at 117 Seward Street. Alaska Pacific Bank is a federally charted savings bank headquartered in Juneau, Alaska. It is the sole subsidiary of Alaska Pacific Bancshares, Inc. The company had $175.8 million in assets as of March 31, 2007. The bank offers a wide range of business loans and is a leading SBA lender; is active in many types of consumer lending, including home equity loans, boat and vehicle loans; and is involved in land development and construction loans.
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On July 1, 1999, Alaska Federal Savings Bank converted from a mutually-owned association to a stock-based savings bank, providing its customers and members of the general public with the opportunity to purchase stock and invest in the future of the company. The history of the Bank of Alaska 1916-1950, and the successor National Bank of Alaska from 1950, is the primary focus of chapters 8-9, 11, and 16. WWI precipitated an economic collapse in Alaska that almost did in the new bank. The 1960 merger of several banks with the Bank of Alaska made that bank the largest in the state with 19 branches in six locations.

Citation Bank of Alaska (originally known as Bank of Alaska) was Alaska's largest financial institution for the latter part of the 20th century. In 2000, it was subsumed into Wells Fargo. Bank of Alaska was founded in 1916 by Andrew Stevenson in Skagway, Alaska. In December 1999, National Bancorp of Alaska agreed to a $907 million buyout by Wells Fargo & Co. It had more than $3 billion in assets, and 53 National Bank of Alaska branches in 29 Alaskan communities, with an additional branch in Seattle, Washington.

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