1922 - 2022
The new bank shares a building with a furniture store at the corner of Fourth and G streets in Anchorage. It features brass teller cages imported from the States, polished brass spittoons, and teller counters made from the marble slabs Ervin had used to knead confectionery in Idaho. The bank vaults contain varied goods such as gold nuggets and untanned pelts of beaver, wolverine, fox, and mink. The outstanding stock totals 500 shares.
President Harding temporarily establishes the Reserve, which produces an average of 4,800,000 cans of salmon per year throughout the next decade.
On his last major tour before his death, the President, accompanied by Secretary of Commerce Herbert Hoover, visits many Alaska cities. Highlighting the President’s tour is the driving of the golden spike to complete the Alaska Railroad.
The route covers 300 miles from Fairbanks to McGrath.
As part of a school contest, Benny Benson, a 13-year-old Aleut from Chignik, designs the “eight stars of gold on a field of blue” flag that flies over Alaska today. “The blue field is for the Alaska sky and the forget-me-not, an Alaska flower,” writes Benson. “The North Star is for the future of Alaska, the most northerly of the Union. The dipper is for the Great Bear, symbolizing strength.”
As the Great Depression hits, thousands of Americans are reduced to poverty by economic upheaval. Many choose to begin a new life in the territory.
First National is forced to impound all incoming gold coins.
This dividend, the first of many, raises the number of outstanding shares to 750.
Cuddy, a former U.S. district attorney in Valdez, purchases controlling interest.
Accompanied by armed guards, bank representatives deliver payroll to soldiers stationed in Alaska.
The westernmost banking institution in the U.S.
Total shares outstanding rise from 750 to 2,000, the largest stock dividend in the history of the bank.
Holds $200,000 stock sale to purchase the Bank of Seward.
Cuddy’s widow, Lucy Hon Cuddy, becomes Chairman of the Board. His son, D.H. Cuddy, becomes the bank’s new president.
The First National News goes to press.
Former Bank of Seward opens as First National's Seward branch.
Anchorage Daily News published this special section dedicated to First National in 1954 to recognize the bank’s new building. Look inside for stories of how First National has been shaping tomorrow since 1922.
Outstanding shares grow from 5,000 to 6,000.
This two-thirds dividend raises outstanding shares from 6,000 to 10,000.
Alaska joins the Union.
First National brings drive-in banking to Alaska.
First National begins to computerize operations.
First National purchases Juneau bank.
Good Friday earthquake devastates Southcentral Alaska.
In windy 10-degree weather, Sitka loses more than 20 percent of its business district, including a spectacular landmark Russian Orthodox cathedral. First National's Sitka branch, also damaged by the flames, is among the first businesses to donate to the restoration effort.
Outstanding shares are raised to 20,000.
First National purchases First Bank of Valdez.
South Center branch opens in Anchorage.
Outstanding shares grow from 20,000 to 40,000.
Booming business and cramped conditions lead the bank to build a modern facility next door to the original building, which has stood since 1905.
The new facility also houses the bank’s central data center.
The 3rd 100 percent dividend within nine years.
At 10:05 a.m. on June 20, 1977, the first oil flows into the pipeline.
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