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First National Bank Alaska plans 10-for-1 stock split

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First National Bank Alaska plans 10-for-1 stock split

The board of First National Bank Alaska approved an amendment to allow the company to effect a 10-for-1 stock split.

A stock split would increase each share's affordability and consequently improve trading and liquidity, according to the Anchorage, Alaska-based company's press release. The amendment still requires shareholder approval.