NCB Relocates its Anchorage Office


Washington, DC (January 3, 2008) — NCB, a unique cooperatively-owned financial institution dedicated to building stronger communities, announced today the relocation of its Alaska office to 801 B Street, Suite 300 in Downtown Anchorage.

From this expanded, convenient location, NCB’s Anthony Alvarado will provide the Alaska business community with a full array of financial products and services.

“Since, 1984 NCB has long been known as a leading expert in capital generation for Alaska Native and Native American businesses,” said Mr. Alvarado.  “With our new office location and a growing product array, we are now better able to serve the broader Alaska business community’s needs, providing a reliable source of capital with a member-driven approach to superior customer service.”  

As a full-service financial institution, NCB provides term loans, lines of credit, commercial mortgages, construction loans, lease financing and private placements. In addition, the Bank offers an array of business banking products via its secure, online cash management platform, including Real Time Deposit, NCB’s remote deposit capture product allowing businesses to efficiently deposit checks via remote scanning services operated at the business’ location. The Bank is also a member of CDARs network, providing customers with a single source for FDIC insurance on CDs up to $50 million.

NCB provides conventional and government-guaranteed lending programs to meet the unique attributes of the Alaska business community.  The Bank pioneered the use of the Bureau of Indian Affairs (BIA) funding for Alaska Native enterprises, and is an approved lender for the USDA’s Rural Economic and Community Development Program.  NCB also provides expedited loan approvals as a Preferred Lender as designated by the Small Business Administration (SBA).  

NCB Financial Group (NCB) consists of National Consumer Cooperative Bank, a wholesale funding company; NCB, FSB, a federally-charted savings bank; and, NCB Capital Impact, a 501(c)3 nonprofit.  Loans and other financial services are provided by NCB, FSB and NCB Capital Impact.   Deposit products and services are provided by NCB, FSB, which is a member FDIC.   Each is a separate corporation within the NCB Financial Group.

NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development.  Headquartered in Washington, DC, NCB also has offices in Alaska, California, New York and Virginia.  In addition, NCB has a growing community banking network in southwestern Ohio.  To learn more about NCB, visit www.ncb.coop.

 

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