Wells Fargo marks 100 years for Petersburg bank
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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.
Photo Elizabeth Jenkins/KFSK
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.
Petersburg officials are hoping to discuss ways to keep a Coast Guard cutter stationed in this Southeast community. Petersburg’s borough assembly wants to talk about changes to the waterfront to accommodate newer, larger patrol vessels, and it’s part of a discussion going on up and down Alaska’s coastline. more
The Alaska Supreme Court may have a decision in the next month or two on the boundaries of the Petersburg borough.
The size of the new municipality has been up in the air since it was approved by area residents in December of 2012. That’s because the city and borough Juneau sought to annex some of the same land on the northern end of the proposed Petersburg borough. A superior court ruled in Petersburg’s favor last year and Juneau appealed that ruling to the state’s highest court. more