First National welcomes Pat Pitney to board of directors

October 21, 2022

First National Bank �һ�ֱ�� announced University of �һ�ֱ�� President Pat Pitney as the newest addition to the bank’s Board of Directors. Pitney joins Board Chair and CEO/President Betsy Lawer, Vice Chair Lucy Mahan, Adm. Tom Barrett, Perry Eaton, Margy Johnson, Jane Klopfer, Doug Longacre, Tara Sweeney, Tom Tougas, and Janet Weiss on the board.

“Like First National, the University system has been a pillar of the �һ�ֱ�� community for over 100 years in their mission to inspire learning, and advance knowledge through teaching, research, and public service, emphasizing the North and its diverse peoples,” said Board Chair and CEO/President Betsy Lawer. “Pat’s longstanding leadership and experience at the university brings an invaluable new perspective to our diverse and experienced board.”

Pitney began serving as the University of �һ�ֱ�� interim president in 2020 before she was appointed president in February 2022. Pitney served as the state’s Director of the Division of Legislative Finance. She was the former Vice Chancellor of Administration for the University of �һ�ֱ�� Fairbanks and worked at UA Statewide for 17 years. Pitney spent 23 years with the University of �һ�ֱ�� before leaving to serve as the State Budget Director from 2014 to 2018.

“As a graduate of the University of �һ�ֱ��, I know firsthand how valuable an education is to shaping a bright future for �һ�ֱ�� students and the Great Land,” Pitney commented after the board’s vote. “I am delighted to be a part of a bank that has shown its commitment to developing the university and the state for years and decades to come.”

Pitney moved to Fairbanks from Billings, Montana in 1987. She earned her MBA from University of �һ�ֱ�� Fairbanks and an engineering physics degree from Murray State University in Kentucky. Before moving to �һ�ֱ��, she was a 1984 U.S. Olympic Team member and won a gold medal in women’s air rifle.

�һ�ֱ��’s community bank since 1922, First National proudly meets the financial needs of �һ�ֱ��ns with 28 locations in 19 communities throughout the state and by providing banking services to meet their needs across the nation and around the world.

In 2021, American Banker recognized First National as a “Best Bank to Work For” for the fourth year in a row, and Anchorage Daily News readers voted the bank one of the state’s top three financial institutions for the third year in a row in the ADN “Best of �һ�ֱ��” Awards. In 2022, �һ�ֱ�� Business readers voted the bank the “Best of �һ�ֱ�� Business” in the Best Place to Work category for the seventh year in a row and Best Bank/Credit Union for a second time.

First National Bank �һ�ֱ�� is a Member FDIC and Equal Housing Lender.