First National Bank Alaska named one of top banks in the nation by Bank Director magazine

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First National Bank Alaska (OTCQX:FBAK) has achieved significant recognition from Bank Director magazine, ranking as the 10th best bank nationally and 3rd best among banks with assets under $5 billion. The evaluation was based on return on equity, return on assets, asset quality, and capital adequacy.

The bank has garnered multiple accolades in 2024-2025, including being named the 6th best bank by Forbes, receiving recognition from Newsweek as one of the nation's Best Regional Banks, and maintaining an Outstanding Community Reinvestment Act rating for eight consecutive reporting periods. With 28 locations across 19 Alaskan communities and 621 employees, First National continues its century-long tradition of serving Alaska's financial needs since 1922.

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ANCHORAGE, Alaska, July 18, 2025 (GLOBE NEWSWIRE) -- Bank Director, a leading resource for the financial industry, named First National (OTCQX:FBAK) as the tenth best bank in the United States on its Top 25 Banks list and the third best bank on its Top Banks with Less than $5 Billion in Total Assets list. Bank Director uses four metrics to assess performance: return on equity, return on assets, asset quality and capital adequacy.

“I’m especially pleased Bank Director recognized the high quality of the bank’s loans, maintained through our philosophy that all loans must not only make sense for the bank, but also be beneficial for the borrower,” said Betsy Lawer, First National Chair and CEO/President. “These accolades are a powerful testament to the leadership, vision, and dedication of First National’s Board of Directors and executive management team, as well as the 621 employees who bring that vision to life every day.”

Alaska’s community bank since 1922, First National Bank Alaska proudly meets the financial needs of Alaskans with ATMs and 28 locations in 19 communities throughout the state, and by providing banking services to meet their needs across the nation and around the world.

In 2025, Alaska Business readers voted First National “Best of Alaska Business” in the Best Place to Work category for the 10th year in a row, Best Bank/Credit Union for the fifth time, and Best Customer Service for the second year in a row. That year, Forbes also selected First National as the sixth best bank on their America’s Best Banks list and one of the top two Banks in the State, and Newsweek recognized the bank as one of the nation’s Best Regional Banks and Credit Unions. The bank was also voted “Best of Alaska” in 2024 in the Anchorage Daily News awards, ranking as one of the top three in the Bank/Financial category for the sixth year in a row. American Banker again recognized First National as a “Best Bank to Work For” in 2024, for the seventh consecutive year.

For more than a century, the bank has been committed to supporting the communities it serves. In 2024, for the eighth consecutive reporting period, over a span of twenty-four years, First National received an Outstanding Community Reinvestment Act performance rating from the Office of the Comptroller of the Currency.

First National Bank Alaska is a Member FDIC, Equal Housing Lender, and recognized as a Minority Depository Institution by the Office of the Comptroller of the Currency, as it is majority-owned by women.

Contact:
Corporate Communications
907-777-3409

FAQ

What ranking did First National Bank Alaska (FBAK) receive from Bank Director magazine in 2025?

First National Bank Alaska ranked as the 10th best bank nationally and 3rd best among banks with assets under $5 billion in Bank Director magazine's Top 25 Banks list.

What metrics did Bank Director use to evaluate First National Bank Alaska (FBAK)?

Bank Director evaluated FBAK using four key metrics: return on equity, return on assets, asset quality, and capital adequacy.

How many locations does First National Bank Alaska (FBAK) operate in 2025?

First National Bank Alaska operates 28 locations across 19 communities throughout Alaska.

What other recognition did First National Bank Alaska (FBAK) receive in 2024-2025?

FBAK was named 6th best bank by Forbes, recognized by Newsweek as one of the nation's Best Regional Banks, voted 'Best of Alaska Business' in multiple categories, and received an Outstanding Community Reinvestment Act rating.

How many employees does First National Bank Alaska (FBAK) have in 2025?

First National Bank Alaska employs 621 employees across its operations.