Not all banks failing,

It seems Alaskan banks are doing pretty well in the downturn.

According to regulatory filings at the end of last year, all of the state’s major banks exceeded federal regulators’ threshold for maintaining enough financial backing to cover the risk of failed loans. And that includes the three banks — Wells Fargo, Key Bank and Alaska Pacific Bancshares — that accepted money from the U.S. Treasury as part of its Troubled Asset Relief Program, otherwise known as the national bank bailout or TARP.

Credit unions also seem to be doing OK, though they say they are affected by the financial woes of their customers.

"Most credit unions in Alaska are well capitalized but these are tough times," said James Wileman, president of the Alaska Credit Union League.  

Damn who is that Governor up there?  I think it’s a women to. 

 

No I don’t think Sara Palin is the reason Alaska’s banking seems to be doing ok but still. 

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