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First National Bank Alaska announces leadership transition

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First National Bank Alaska announces leadership transition

First National Bank Alaska (OTCQX: FBAK) today announced that Betsy Lawer, who has served as Board Chair and Chief Executive Officer/President since 2015, will transition to Executive Chair of the Board of Directors effective January 2, 2027.

First National’s Board of Directors unanimously appointed Darren Franz to become CEO/President, assuming responsibility for the bank’s operations and executive leadership team. This transition is the culmination of the bank’s long-term succession plan, reflecting its longstanding commitment to continued stability, continuity, and organizational strength.

During Lawer’s tenure, First National has grown from $3.5 billion in assets to more than $5.1 billion, earned national recognition as Forbes’ second-top-ranked bank in the nation and recognized as Alaska’s Best Place to Work for 11 consecutive years by Alaska Business readers.

“Leadership is never about one person. It’s about building an organization with the right people, shared values and the courage to look beyond today,” said Lawer. “I am deeply proud of everything our remarkable employees, executive team and Board of Directors have achieved together. I am confident the team is ready for their next step and excited about what lies ahead for First National.”

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Franz brings more than three decades of Alaska banking experience and nearly seven years with First National to his role as CEO/President. During the past year, he has served as President – Lending & Administration, overseeing the Corporate Lending Division, the Combined Branch & Corporate Services Division, Treasury Management, Anchorage Branch Administration & Escrow Division, and the Central Administration Division.


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