National Bank of Alaska reports higher quarterly profit

Posted: Sunday, May 14, 2000

ANCHORAGE (AP) -- National Bank of Alaska, the state's financial institution, is reporting higher profit in the first quarter of 2000.

The Anchorage-based bank said Friday that it earned $14.5 million during the three months ending March 31st.

That was up more than 13 percent from the $12.7 million in profits recorded in the first quarter of 1999.

NBA pegged its total assets at nearly $3 billion, up slightly from a year earlier.

The bank is in the process of being purchased by Wells Fargo & Co. for $907 million.

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