Alaska USA was identified as one of the top Alaskan businesses in the October 2003 edition of Alaska Business Monthly ach year the magazine ranks the top 49 businesses in the state based on gross revenues. This is the first year that not for profit cooperatives were included in the rankings. Alaska USA's gross revenue in 2002 was $140 million. The 2002 highlights: branch expansions in three new locations in the Puget Sound, Wash., area and another in Anchorage; the addition of bill pay and account aggregation online services; the introduction of managed investment accounts through Alaska USA Trust Co.; and the expansion of its subsidiary Alaska USA Mortgage Company throughout Alaska and in the Pacific Northwest.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
7h ago -
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
9h ago -
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
11h ago -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
April 25 -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
April 25 -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
April 25