This is your source for news about Alaska Pacific.  Check here for special offers and current promotions, information about new accounts and services we’re introducing, bank events, recent news releases, and our customer newsletters. 

eStatements Are Now Available

We now offer secure eStatements and they provide several benefits. Whether you are looking for a way to reduce paper and clutter, or you worry about the security of your paper statement sitting in your mailbox while you’re at work, or you want to do your part to save paper, eStatements are a great solution.  For more information on our free eStatements and to learn how to sign up, check out our eStatements section on our website.

Attention APB IRA Customers: Changes for 2009 IRA Distributions

If you are required to take a minimum distribution from your plan in 2009, recent IRA changes mean that you may not be required to do so in 2009. This is because the IRS has issued a temporary waiver of the Required Minimum Distribution for certain retirement plans and accounts in 2009. Please contact your Financial Advisor for guidance about your situation.

If you are set up for automatic distributions for 2009 and you do not contact us in writing that you wish to waive the distribution for this year, we will continue to make the distributions per your previously established request.

U.S. Small Business Administration Alaska District Office Names APB Community Based Lender of the Year for 2008

The U.S. Small Business Administration Alaska District Office presented its 2008 lender awards at the Alaska Lenders’ Symposium held in Anchorage on November 6, 2008. For the second consecutive year, Alaska Pacific Bank was selected as the Alaska SBA Community Based Lender of the Year. This award recognizes the Alaska-based SBA lender that achieves the highest volume of SBA loan approvals to businesses located in Alaska during the federal fiscal year, and demonstrates its ongoing commitment to the small business community through support of SBA programs and services. Any type of financial institution that has its headquarters in the state of Alaska and primarily serves the Alaskan market may be considered for this award. To read the whole news release, go to our News & Info page.

Participation in Transaction Account Guarantee Program Extended

As an added benefit to our customers, Alaska Pacific Bank has decided to continue participating in the FDIC’s optional “Transaction Account Guarantee Program” through December 31, 2010. (Originally, this program was set to expire December 31, 2009, but banks have been given the option to extend through December 31, 2010.) Under this program, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Non-interest-bearing transaction coverage under this program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.

Program Exception: Sweeps, transfers between non-interest-bearing and interest-bearing accounts, and funds that are reclassified from non-interest-bearing to interest-bearing can impact the FDIC guarantee since this program only covers non-interest-bearing transaction accounts. The movement of funds from a non-interest-bearing account to an interest-bearing account from now until June 30, 2010, voids any FDIC "Transaction Account Guarantee Program" coverage with respect to the funds that are swept, transferred, or reclassified. Funds moved to an interest-bearing account, however, are still covered by the FDIC's general deposit insurance rules.

Questions?
If you have any questions, please talk to your Branch Manager.

FDIC Insurance Permanently Raised to $250,000

The FDIC has increased their standard coverage for each depositor to $250,000, permanently. In addition, if your deposits at Alaska Pacific Bank total more than $250,000, depending on the ownership of the accounts, you many be able to obtain additional insurance coverage through the Transaction Account Guarantee Program noted above. More information is also available in our Resource Center and a link to the federal FDIC insurance calculator can also be accessed there.

Introducing Free eAlerts for Our Online Banking Customers

Alaska Pacific customers who subscribe to our free Online Banking service can now sign up for free e-Alerts.  It’s a great way to manage your accounts and your money.

We’ll Send an email to You or a Text Message to Your Cell Phone When…
• Your checking or savings account balance drops below the amount that you set.
• A specific check clears your checking account.
• A specific deposit is posted to checking or savings.
• The balance on your Certificate of Deposit reaches your designated amount.
• When your outstanding consumer loan balance drops to a specific amount.

Call us for details, or login to Online Banking and set up your eAlerts today.

Our Customer Newsletter

Our customer newsletter features updates about new products and services, new staff, business customer features, the latest in fraud protection, a message from our President, and more. We mail our newsletter in our statements, and you can also read our online version by downloading the PDF on your PC.

Summer 2009 Issue (June 2009)

Download PDF