The board of Anchorage, Alaska-based First National Bank Alaska declared a post-split cash dividend of $3.20 per share, payable on Sept. 15 to shareholders of record as of Sept. 1.

This decision follows a 10-1 stock split approved at the bank's April 24 annual meeting, effective Aug. 10.

The board intends to increase the bank's annual dividend per share to $128 per common stock, or $12.80 per common stock post-split, subject to continued favorable results and other factors.