Wells Fargo Cutting Back on Mortgages While Focusing on Lending to Minorities
Once the largest player in the mortgage market, Wells Fargo is stepping back while focusing its home lending business on bank customers in minority communities.
Finance
Alaska USA Appoints New Executive Leaders
Alaska USA Federal Credit Union added two new vice presidents to its executive leadership team and promoted a current executive.
2023 Alaska Economic Forecast: Ready for recovery, dragged by workforce woes
Alaska’s economy remains among the nation’s lowest performing, yet other indicators suggest potential for growth and recovery in 2023.
Northrim Bank Opens Nome Branch
The typhoon that battered the Western Alaska coast in September hastened the opening of a Northrim Bank branch in Nome.
McKinley Management Grows Executive Staff
McKinley Management added three new positions to its executive team. “These three positions add to the breadth and depth of services McKinley Management provides our four business units,” says CEO and Chief Investment Officer Rob Gillam.
Northrim Bank Adds Two Officers, Promotes Managers
Northrim Bank recently promoted four officers and managers, rehired another, and added one more financial industry veteran to the team.
Nearly $60M for Small Business Credit Initiative
The Alaska Small Business Development Center will direct a pool of federal cash toward private sector lenders to support entrepreneurs.
McKinley Management Acquires ASRC Subsidiary
Arctic Slope Regional Corporation is giving up its Alaska Growth Capital BIDCO subsidiary, which is becoming a fourth line of business for McKinley Management.
Arbor Capital Management Adds Two Advisors to Anchorage Team
Two new Financial Advisors join the team at Arbor Capital Management’s Anchorage headquarters in the Dimond Center.
FNBA Supports UAA Finance Education Hub
A finance lab at the UAA College of Business and Public Policy is scheduled to open around this time next year, thanks to contributions from First National Bank Alaska.