News of interest

This just in from the Alaska Commercial Fishing and Agriculture Bank:

Nov. 22, 2011

The Alaska Commercial Fishing and Agriculture Bank (CFAB) will be lowering its lending interest rate by 2 percent on existing and new loans effective Jan. 1, 2012.

Lela Klingert, CFAB chief executive, made the announcement at CFAB's annual meeting on Nov. 18.

CFAB is a private, member-owned cooperative providing financing to Alaskan-owned commercial fishing, tourism and resource businesses since 1980.

At the same meeting, incumbent board member Roseleen "Snooks" Moore was re-elected to a new three-year term.