Story last updated at 1:19 p.m. Saturday, August 31, 2002

In Business
Dentist brings practice to Homer

Thomas J. Munger, D.D.S., has opened a dental satellite office in Homer at 552 Grubstake, serving area residents on Fridays and Saturdays by appointment.

Dr. Munger is a general dentist. He graduated from the University of Missouri at Kansas City School of Dentistry. He came to Alaska at Elmendorf Air Force Base in 1968, serving as an Air Force dentist until 1971.

After being in a group practice, Munger established his own clinic in South Anchorage in 1975.

Munger said he is looking forward to spending more time in Homer while providing dental care on days when other offices are not open.

In addition to general dentistry services for all family members, Munger has a progressive non-surgical program for treatment of gum disease. He also provides services for sleep and snoring problems and treatment for chronic pain conditions.

Bank helps first-time homebuyers

First National Bank Alaska will help more low- and moderate-income families buy their first homes via a $200,000 Home$tart Savings Program grant awarded by the Federal Home Loan Bank of Seattle.

The Home$tart program provides grant funds annually to member lenders throughout the nation. Lenders then use the funds to provide matching grants (at a 3-to-1 ratio) of up to $5,000 to first-time homebuyers who earn 80 percent or less of the area's median income.

To qualify for a grant, individual homebuyers must be referred to First National by a local or state housing agency. They must also complete a homebuyer training course, and demonstrate six months of savings toward their new home.

Homebuyers have up to two years to purchase a home after enrollment. Upon purchase, the homebuyer can then use the grant money for down-payment and closing costs.

"This is our fifth year participating in the Home$tart program," said Dawn Coursey, assistant vice president and community relations coordinator for First National Bank. "The increase in allocated funds allows more Alaska families to take advantage of the program in 2003 than ever before."

For more information on the Home$tart program contact Debbi Newgent, assistant vice president, First National Bank Home Loan Center at (907) 777-5638.

Established in 1922, First National is Alaska's largest Alaskan-owned and operated bank, with 27 branches throughout Alaska and ATMs in 17 rural communities.

Bank wins online services award

Wellsfargo.com has won an award for the best site design worldwide and the best overall integration and site design in North America, according to Global Finance magazine's recent "World's Best Internet Banks" survey.

Wells Fargo was also named the top consumer Internet bank based on the Web site's integration and ease of use, making it a three-time winner this year.

"We are pleased to be recognized as the best Internet site design worldwide with the best overall integration by Global Finance," said Richard Strutz, Wells Fargo Bank Alaska president. "We continue to focus on ease of use for our customers and all of their financial services whether that's credit, cash management, institutional brokerage or trust. Because we build our business around what's best for our customers, middle market and large companies now have a single point of access for all their commercial banking needs."

Judges from companies such as Deloitte & Touche, IBM Global Services, KPMG Consulting, Logica, MeridianGS and Tata Infotech reviewed and selected entries for final consideration. The magazine's editors selected the final winners divided globally and in six regions, 27 countries and 10 functional categories. The full survey results will be published in the magazine's September issue.

"This recognition from Global Finance underscores how Wells Fargo's efforts are successful in providing seamless integration, ease of use and enhanced convenience to its customers," says Avid Modjtabai, head of Wells Fargo's Consumer Internet Services. "We have up to a third of our retail checking account customer, nearly three times the national average of 11 percent banking online."

With 1.6 million small business customers, Wells Fargo is the largest small business lender in the United States. Wells Fargo is a $315 billion diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through 5,400 stores, its Internet site and other distribution channels across North America as well as internationally. Wells Fargo and its affiliates serve customers throughout Alaska with more than 65 stores, 130 ATMs and online at www.wellsfargo.com.

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