A bank in Petersburg is celebrating 100 years in the community. Officials with Wells Fargo are marking the centennial.
It was originally the bank of Petersburg and was incorporated in September of 1914 with a capital stock of 25-thousand dollars, according to the company. In 1972 the bank of Petersburg merged with National Bank of Alaska. James Taylor was president of the Bank of Petersburg at that time while Elmer Rasmuson was chairman of the board for the National Bank of Alaska. NBA merged with Wells Fargo in 2000.
Joseph Lanham was branch manager in Petersburg from 2001 through 2005 and is now district president based in Ketchikan. He stopped by the KFSK studios Wednesday afternoon and spoke with Joe Viechnicki about this month’s celebration.