Alaska Pacific chairman to step down

Posted: Tuesday, January 26, 2010

Alaska Pacific Bankshares' Chairman Roger Grummett is stepping down when his term as director of the Juneau-based bank holding company ends in May, he said Friday.

Grummett steps down after 23 years on the board, most recently as its chairman.

"I'm retired, and I'm nearly 70 years old," the longtime Juneau businessman said.

Nominated to join the board of the parent of Alaska Pacific Bank are Linda C. Thomas of Juneau and Doug Andrew of Ketchikan.

Thomas is vice-president and chief operating officer of Alaskan Brewing Co., was formerly a deputy director with the state government and worked for the accounting firm Deloitte & Touche, Grummet said.

Andrew is general manager of Food Services of America in Ketchikan, as well as co-owner of Juneau's Prospector Hotel, he said. Andrew also serves on Alaska Pacific's Ketchikan advisory board.

The bank revealed the changes in a filing with the Securities and Exchange Commission Monday.

After the May 18 Alaska Pacific shareholder meeting, it will have its standard number of directors, nine, Grummett said.

Previously, Eric McDowell had retired from the board, but had not been replaced.

Alaska Pacific Bancshares has been a publicly traded company since 1999, but was founded in 1935 as Alaska Federal Savings and Loan.

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