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Article Excerpt
[ILLUSTRATION OMITTED]
When Winfield Ervin opened First National Bank of Anchorage in 1922, he did it because he said he had "faith in the future of Anchorage." Over the years, that faith grew to encompass all of Alaska, and the bank, now renamed First National Bank Alaska, soon became a fixture in communities all over the state.
Today, as Alaska's largest and strongest locally owned bank, First National has 29 branches in 17 communities throughout the state. "We have grown from one main office to having branches in Juneau, Fairbanks and Bethel, and many points in between," said D.H. Cuddy, who has served as the bank's president for more than 51 years. "When I went into the business in 1951, the bank had $6.5 million in loans and total assets of $31.2 million. Today, we have $1.2 billion in loans and total assets of $2.3 billion.
"I believe that our growth reflects the growth of the state," he added. "The bank has benefited as the state has developed over the past 85 years."
THE EARLY DAYS
Even before Alaska...
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