Business Briefs

Posted: Thursday, May 09, 2002

First National Bank Alaska announces new officers

First National Bank Alaska recently announced the following officer appointments effective May 1:

Michelle Kimura, a customer service representative in the Loan Servicing Section, was promoted to loan servicing officer and appointed head of the Loan Servicing Support Unit. Kimura will oversee six to eight employees responsible for loan document filing and retrieval, paying taxes on loans with reserves, and Uniform Commercial Code filings.

Management Trainee Aaron Collins was promoted to loan officer. Working out of the Homer branch, his responsibilities will include consumer and commercial lending, customer development and assisting with the day-to-day operations of the branch.

Management Trainee Allen Hippler was promoted to loan officer. Hippler will work out of the Wasilla branch, with responsibilities for consumer and commercial lending and business development.

Management Trainee Kyle Hanson was promoted to Loan Officer in the Soldotna Branch. He will handle consumer and commercial lending and customer-related sales.

New telephone features available to Alaska disabled

The Regulatory Commission of Alaska gave notice that South Dakota Association of the Deaf is filing a tariff revision to add enhanced turbo code (E-Turbo) and video relay service for its Alaska subscribers.

E-Turbo allows users with E-Turbo-equipped text telephone (TTY) distribution to expedite dialing procedures and set up instructions when calling into the relay center.

Video relay service allows people with hearing or speech disabilities who use sign language to communicate with voice telephones users through video equipment via a translator, who interprets the party's signed conversation with the voice caller.

More information about this filing is available at South Dakota Association of the Deaf of Alaska, 3820 Lake Otis Parkway, No. 105, Anchorage, AK 99508. To inspect this filing at the RCA office, go to 701 W. Eighth Ave., Suite 300, Anchorage, AK 99501.

Public comments regarding this filing are due in writing to the RCA by June 1. For special accommodations to file comments, contact Denise Anderson at 263-2120, or on TTY at 276-4533 by May 25.

Edward Jones to offer college savings program

Matt Streiff, the Edward Jones investment representative in Kenai, will host a free investing program for parents and grandparents on May 14 at 2 p.m.

The "Invest in Kids" program will offer parents and grandparents tips on paying for a college education. Guests will also learn the tax advantages of college savings plans as well as how to maintain control of their college savings.

This live, interactive broadcast is presented at Edward Jones branch offices nationwide via the firm's private satellite network. For more information on the broadcast or to reserve a seat for this program, contact Streiff at 283-0785.

Vendors invited to gun show

The Soldotna Lions Club is offering the opportunity for vendors or individuals interested in presenting their products at the 13th annual Gun Show to sign up for tables.

The Gun Show will be held May 25-26 at the Soldotna Sports Center from 10 a.m. to 6 p.m. Saturday and 10 a.m. to 5 p.m. Sunday. The cost of a table is $35 and proceeds will benefit the Lions Club scholarship fund.

For more information, or to register, call 262-7223 or send e-mail to

All states offer college savings

With the recent launch of Georgia's Higher Education Savings Program, South Dakota's College Access 529 and Hawaii's Tuition EDGE, all 50 states now have an operational 529 state college savings program. More than 3 million children across the country have been enrolled in a state college savings plan. Parents and other individuals have saved more than $18.3 billion to help their children and loved ones pay for future college costs.

The mission of the state plan is to increase access to higher education by offering families a simple, safe, affordable and dedicated way to save for college tuition. For more information about state college savings plans, call 1-877-2776-4968.

The mission of the state plan is to increase access to higher education by offering families a simple, safe, affordable and dedicated way to save for college tuition. State college savings plans come in two forms, prepaid tuition programs and savings plans. The prepaid tuition program offers families a method to prepay tuition based on today's costs of college tuition and provides a guarantee to keep pace with tuition inflation. The savings plan offers dedicated qualified state college savings accounts, which provide families a variable rate of return in a tax advantaged college savings account.

Last year, the programs received federal tax exemption as a part of the Economic Growth and Tax Relief Reconciliation Act of 2001. Participants in both types of programs receive federal tax exemption on the investment earnings of the accounts when the funds are used to pay for qualified higher education expenses, which include tuition, room and board, books and fees, and any other expenses that students are required to pay to attend any accredited college or university in the United States.

In addition to the federal tax exemption, 23 states also offer significant state tax incentives, which include deductions from state income taxes based on annual contributions. By the end of 2002, all 50 states and the District of Columbia will have operational savings plans and 20 states will also offer prepaid tuition plans to their residents.

For more information about state college savings plans, call 1-877-2776-4-968.

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