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In December 1999, National Bancorp of Alaska agreed to a $907 million buyout by Wells Fargo & Co. [3] It had more than $3 billion in assets, and 53 National Bank of Alaska branches in 29 Alaskan communities, with an additional branch in Seattle, Washington. The acquisition transaction closed in 2000, and branches converted to the Wells Fargo ...
Elmer Edwin Rasmuson (February 15, 1909 – December 1, 2000) was an American banker, philanthropist and politician in the territory and state of Alaska.He led the family business, National Bank of Alaska, for many decades as president and later chairman.
The bank was founded in 1922 by candy maker Winfield Ervin Sr. at the corner of 4th and G Streets in Anchorage, Alaska. The bank still operates a branch at this location today. Known at the time as The First National Bank of Anchorage, the business benefited from the Alaska Railroad construction boom of the early 1920s. [1]
Cuddy joined the business operated by his family, First National Bank of Anchorage (now called First National Bank Alaska) in 1972, working his way up from teller to loan officer, and eventually vice-president at the time he left the bank. Cuddy was elected to a single term in the Alaska House of Representatives in 1980.
Jan. 5—Edward "Ed" Rasmuson, the banker and philanthropist once considered Alaska's closest equivalent to a royal prince because of his wealth and influence, died Tuesday at age 81. Rasmuson had ...
Sep. 9—A Wells Fargo branch will rise in the spot of a Denny's that sat empty in recent years in Midtown Anchorage, an official with the bank confirmed. The Denny's restaurant closed in 2018 ...
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