First National Bank Alaska 100th Anniversary


1922 - 2022

1922-01-01 00:00:00

First National Founded by Candymaker Winfield Ervin

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.

1922-07-01 05:52:36

Alaska Peninsula Salmon Reserve

President Harding temporarily establishes the Reserve, which produces an average of 4,800,000 cans of salmon per year throughout the next decade.

1923-01-01 00:00:00

President Harding Tours Alaska

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.

1924-08-21 17:33:48

Alaska Gets First Air Mail Service

The route covers 300 miles from Fairbanks to McGrath.

1926-01-01 00:00:00

State Flag Design Contest

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.”

1929-10-01 10:58:37

A New Life in Alaska

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.

1933-01-01 00:16:24

Gold Standard Suspended

First National is forced to impound all incoming gold coins.

1939-01-01 00:16:24

The First Dividend: 50%

This dividend, the first of many, raises the number of outstanding shares to 750.

1941-06-01 00:16:24

Warren N. Cuddy Becomes Bank President

Cuddy, a former U.S. district attorney in Valdez, purchases controlling interest.

1943-01-01 00:16:24

Payroll For Troops

Accompanied by armed guards, bank representatives deliver payroll to soldiers stationed in Alaska.

1943-06-01 00:16:24

Adak Facility Opens

The westernmost banking institution in the U.S.

1949-01-01 00:16:24

Elmendorf Air Force Base Facility Opens

1950-01-01 00:16:24

Dividend: 167%

Total shares outstanding rise from 750 to 2,000, the largest stock dividend in the history of the bank.

1950-06-01 00:16:24

Stock Sale

Holds $200,000 stock sale to purchase the Bank of Seward.

1951-09-09 00:16:24

Warren Cuddy, President of First National, Dies

Cuddy’s widow, Lucy Hon Cuddy, becomes Chairman of the Board. His son, D.H. Cuddy, becomes the bank’s new president.

1952-01-01 17:42:20

Extra! Extra! Read All About It!

The First National News goes to press.

1952-06-01 17:42:20

Seward Branch Opens

Former Bank of Seward opens as First National's Seward branch.

1954-01-22 00:19:19

Now One of the Nation's Largest

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.

1954-06-01 17:42:20

Eastchester Branch Opens

1955-04-10 17:42:20

First Sponsored Easter Egg Decorating Contest

1955-04-10 17:42:20

Dividend: 20%

Outstanding shares grow from 5,000 to 6,000.

1958-06-01 15:07:00

Dividend: 67%

This two-thirds dividend raises outstanding shares from 6,000 to 10,000.

1959-01-03 15:07:00

Alaska, the 49th State!

Alaska joins the Union.

1959-06-01 15:07:00

Northern Lights Branch Opens

1960-01-01 15:07:00

Drive-in, Not Just for Movies

First National brings drive-in banking to Alaska.

1960-03-01 02:59:16

Haines Branch of First National Bank of Juneau Opens

1960-10-01 01:49:19

Computers: The Way of the Future

First National begins to computerize operations.

1961-05-01 05:41:17

Kuskokwim Branch Opens in Bethel

1962-01-01 05:41:17

Expanding to Southeast

First National purchases Juneau bank.

1963-01-01 03:51:44

Kodiak Branch Opens

1964-03-27 03:51:44

The Quake

Good Friday earthquake devastates Southcentral Alaska.

1965-01-01 03:51:44

Eagle River Branch Opens

1966-01-01 03:51:44

First National and the Sitka Cathedral Fire

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.

1968-06-01 03:51:44

Adak Banking Facility Closes

1969-01-01 03:51:44

Supervising Prudhoe Bay's Lease Sale of More Than $900 million

1969-06-01 03:51:44

Dividend: 100%

Outstanding shares are raised to 20,000.

1970-06-01 15:05:30

Expanding to Valdez

First National purchases First Bank of Valdez.

1971-01-01 11:47:29

Anchorage Parkway Branch Opens

1971-12-17 11:47:29

Nixon Signs Alaska Native Claims Settlement Act

1972-01-01 05:56:25

Escrow Department Computerized

1972-06-01 14:09:37

Fairbanks Interior City Branch Opens

1973-01-01 14:09:37

Most Drive-up Lanes This Side of the Mississippi

South Center branch opens in Anchorage.

1974-01-01 14:09:37

Cordova Branch Opens

1974-06-01 14:09:37

Dividend: 100%

Outstanding shares grow from 20,000 to 40,000.

1975-06-01 14:09:37

New Building for Seward Branch

Booming business and cramped conditions lead the bank to build a modern facility next door to the original building, which has stood since 1905.

1976-01-01 14:09:37

New Five-acre Site for Eastchester Branch

The new facility also houses the bank’s central data center.

1976-06-01 14:09:37

Palmer Branch Opens

1977-06-01 14:09:37

Dividend: 100%

The 3rd 100 percent dividend within nine years.

1977-06-20 14:09:37

Pipeline Completed

At 10:05 a.m. on June 20, 1977, the first oil flows into the pipeline.

1977-10-01 14:09:37

Beginning of Online Data Processing

First National Bank Alaska 100th Anniversary

Copy this timeline Login to copy this timeline 3d Game mode

Contact us

We'd love to hear from you. Please send questions or feedback to the below email addresses.

Before contacting us, you may wish to visit our FAQs page which has lots of useful info on Tiki-Toki.

We can be contacted by email at:

You can also follow us on twitter at

If you are having any problems with Tiki-Toki, please contact us as at:


Edit this timeline

Enter your name and the secret word given to you by the timeline's owner.

3-40 true Name must be at least three characters
3-40 true You need a secret word to edit this timeline

Checking details

Please check details and try again