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Ms. Kevin Anselm
Division Director

Division of Banking and Securities

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Program Overview

The division consists of three sections that administer 12 statutory programs.  In addition to licensing and examination duties, staff examiners answer inquiries, investigate and resolve complaints, and contribute to education and outreach activities.

Banking

The Banking Section charters, licenses, and supervises state-chartered commercial banks (3), mutual savings banks (1), credit unions (1), trust companies (2), bank holding companies (3), small loan offices (1), premium finance offices (29), deferred deposit licensees (28), and BIDCOS (1). In addition to these state-chartered institutions, there are 3 nationally-chartered commercial banks, 1 federal chartered savings bank, 13 federal credit unions, and 1 nationally chartered trust company in Alaska.

Consumer Finance

Consumer Finance Section registers, licenses, examines and investigates complaints against non-depository financial institutions, which includes mortgage brokers, lenders and originators, as well as money service businesses. The mortgage lending industry is regulated through the Alaska Secure and Fair Enforcement for Mortgage Licensing Act of 2010. Money service businesses (MSB), are regulated through the Alaska Uniform Money Services Act. MSB's may also transmit money and the services they may provide may be to issue/sell/redeem traveler's checks, money orders and stored value cards, or they may be currency dealers or exchangers.

Securities

NOTICE TO SECURITIES FILERS:

IMPORTANT CHANGES TO SECURITIES EXEMPTION FILING REQUIREMENTS UNDER HB 308

Effective July 1, 2014, filings are no longer required for certain exempt securities transactions under 45.55.900(b)(5)(A), 45.55.900(b)(5)(B) and 45.55.900(b)(7).

Click here to read a copy of HB 308, which implemented these changes.
Please contact the Division if you have any questions.

The Securities Section administers and enforces the Alaska Securities Act (AS 45.55 & 3 AAC 08), including the following: register securities; license, register, and examine investment advisers and broker dealers who sell and provide advice on securities; approve exempt securities offerings; investigate investor complaints and reports of fraud; provide investor education and outreach; as well as administer the proxy filing requirements which apply to certain corporations created under the Alaska Native Claims Settlement Act (ANCSA), and investigate complaints.