ENP Newswire -
Release date- 25062014 - For the fifth consecutive time,
The bank earned its first outstanding rating in 2001. The review process typically happens every three years.
The Community Reinvestment Act is federal legislation that ensures banks meet the credit needs of their entire community, including low- and moderate-income neighborhoods. Banks are evaluated under three performance areas:
Lending * Investments * Service
'For more than 90 years, the bank has been committed to its communities, and we're very proud to receive this acknowledgment,'
'We're not about to change that focus.'
The OCC's report characterizes
The bank's loans helped provide affordable housing, supported community services and economic development and revitalized low- or moderate-income communities throughout the state.
Alaskan-owned and operated since 1922,
Contact: Marketing Department, (907) 777-3409
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